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Resolution approving the appropriation of grant funding in the amount of $1,133,732 from the U.S. Department of Commerce’s Economic Development Administration, through budget amendment number 22.054 towards services provided by Renaissance Entrepreneurship Center located at the Economic Advancement Center in South San Francisco, and authorizing the City Manager to execute the administration of the grant.
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WHEREAS, on August 4, 2021, the City applied for grant funding from the U.S. Department of Commerce’s Economic Development Administration (EDA) in the amount of $1,133,732 to support small business and entrepreneurship technical assistance offered by Renaissance Entrepreneurship Center (Renaissance) at the Economic Advancement Center (EAC) in South San Francisco; and
WHEREAS, Renaissance applied as a co-applicant with the City grant application; and
WHEREAS, the name of the center, located at 366 Grand Avenue, was officially named the Economic Advancement Center in late Summer of 2021; and
WHEREAS, on February 17, 2022 the City received notice that the grant was approved for the full amount of $1,133,732 for a two year period for small business and entrepreneurship support services through Renaissance, which includes services contracts, operations at the EAC, and a portion of City staff time to administer the grant; and
WHEREAS, the purpose of the grant is to expand services to small businesses and entrepreneurs in North San Mateo County to include Daly City, Pacifica, Colma, San Bruno, Millbrae, Brisbane, in addition to South San Francisco; and
WHEREAS, the total grant amount of $1,133,732 will fund 80% of the project, with 20% from City-appropriated funding in the amount of $283,432, for a total project amount of $1,417,164; and
WHEREAS, programs offered by Renaissance at the EAC will include business training classes, technology workshops, and website development instruction. The grant funding is expected to create 372 jobs, retain 748 jobs, and generate $43.7 million in private investment.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council hereby takes the following actions:
1. The foregoing recitals are true and correct and incorporated herein as part of this Resolution.
2. Approves a total appropriation of $1,133,732 in grant funding from the U.S. Department of Commerce’s Economic Development Administration to fund services provided by Renaissance Entrepreneurship Center located at the Economic Advancement Center in South San Francisco with budget amendment number 22.054.
3. Authorizes the City Manager to execute any agreements or documents pertaining to the administration of the grant funding, subject to approval by the City Attorney.
4. Authorizes the Finance Director, or their designee, to take all necessary budgetary actions to carry out the intent of this Resolution, which will straddle appropriations across multiple City fiscal years.
5. Authorizes the City Manager to take any other related actions necessary to carry out the intent of this Resolution.
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