HomeMy WebLinkAboutResolution - 2016-34 - "Open for Business" Participation - 02/16/2016 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2016-34
RESOLUTION APPROVING PARTICIPATION IN "OPEN FOR BUSINESS" A SMALL
BUSINESS TECHNICAL ASSISTANCE PROGRAM OFFERED THROUGH THE
HENNEPIN COUNTY HOUSING & REDEVELOPMENT AUTHORITY (HCHRA)
WHEREAS, the Open to Business is a small business and entrepreneur technical assistance
program provided by the Metropolitan Consortium of Community Developers (MCCD) through
a partnership with the Hennepin County Housing and Redevelopment Authority (HCHRA); and
WHEREAS, The Open to Business program provides a range of services to participating Eden
Prairie businesses including: business plan development, feasibility studies, cash flow and
financing projections, marketing, loan request preparation, advocacy with lending institutions;
and
WHEREAS, the City of Eden Prairie intends to submit an application to Hennepin County HRA
to fund half ($5,000) of the annual Open To Business program cost of $10,000, for a term of
three years.
NOW, THEREFORE, BE IT RESOLVED by the Eden Prairie City Council:
The City of Eden Prairie approves submitting an application to Hennepin County HRA and
entering into that certain Contract for Services between the City of Eden Prairie & Metropolitan
Consortium of Community Developers (MCCD) for the Open to Business Program dated
February 16, 2016 for participation in the Open to Business small business technical assistance
program. Provided an annual grant of $5,000 is approved and provided to MCCD by Hennepin
County HRA for half of the annual program fee, the City agrees to provide to MCCD the other
half of the total cost or $5,000 each year from 2016-2018.
ADOPTED by the Eden Prairie City Council on the 16t" day of February, 2016.
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ATTEST:
Ka Teen Nrta, City Clerk