Tuesday, January 26, 2010

Columbus City Council Budget - TechColumbus excerpt - $250k requested


(COLUMBUS)—As a part of the 2010 budget process, Columbus City Council Finance Committee Chair Andrew J. Ginther and members of Council will hosted a public comment hearing on the 2010 proposed budget amendments Thursday, January 21, 2010 at 5:00 pm in Council Chambers, 90 W. Broad Street.

During a press conference yesterday, Councilmembers announced the addition of $4.7 million in amendments to the city budget including approximately $2.2 million in funding for a new fire recruit class scheduled to begin in June. Council also unveiled 18 other amendments totaling approximately $2.5 million for city services and programs.

“I would like to thank Mayor Coleman, Councilmember Ginther and all my colleagues for coming together and building consensus on our budget priorities,” said Council President Michael C. Mentel. “Our focus with the 2010 budget, and specifically with these amendments, centered on protecting the safety and well-being of our citizens, promoting economic development, and maintaining fiscal discipline by committing a total of $15 million into the Rainy Day Fund.”

The following is the proposed 2010 City Council Budget Amendments for TechColumbus

TechColumbus $250,000.00

In 2007, TechColumbus launched the TechStart program designed to accelerate the creation of new technology companies in the region. The program provides pre-seed funding to help launch tech startups, and has seen positive results. This amendment allows TechColumbus to leverage City funding to secure additional pre-seed dollars through a 1:1 state match, with the goal of providing $2 million in pre-seed funding.

Sponsor(s): Councilmembers A. Troy Miller and Hearcel F. Craig


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