Ordinance 17-20 Supporting a Business Retention & Expansion Study and Appropriating $1400 for Public Outreach

CITY OF HOMER
HOMER, ALASKA

Smith

ORDINANCE 17-20

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, SUPPORTING A BUSINESS RETENTION AND EXPANSION PROGRAM PROPOSED BY THE ECONOMIC DEVELOPMENT ADVISORY COMMISSION AND APPROPRIATING FUNDS IN AN AMOUNT NOT TO EXCEED $1,400 FROM THE GENERAL FUND BALANCE FOR PUBLIC OUTREACH TO PROMOTE BUSINESS PARTICIPATION IN THE PROGRAM.  

WHEREAS, The Economic Development Advisory Commission (EDC) is tasked with collecting and analyzing data relevant to economic development and to act in an advisory capacity to the City on overall economic development planning; and

WHEREAS, Research shows that existing businesses generate up to 76% of new job growth and capital investment in any economy, but especially in small, rural areas where entrepreneurial and recruitment opportunities are limited; and

WHEREAS, Business Expansion & Retention (BR&E) programs have been widely and successfully implemented by governments to help promote mutual awareness between government and local businesses, and to identify possible solutions for local business retention and expansion;  and

WHEREAS, BR&E is an economic development strategy initiated and promoted by the State of Alaska; and

WHEREAS, The EDC has researched and developed a plan and instruments for implementing a BR&E program for the City of Homer; and

WHEREAS, the EDC will work with the Kenai Peninsula Economic Development District to coordinate BR&E efforts and share aggregate data for greater regional economic understanding.

NOW THEREFORE, The City of Homer Supports the BR&E Program and Ordains:

Section 1. The FY 2017 Operating budget is hereby amended by appropriating no more than $1,400 from General Fund Balance to provide a public information postcard mailing encouraging local business participation in the BR&E program, as follows:

Account No.                       Description:                                                                       Amount:

100-0112-5238                  BR&E Postcard Printing & Mailing                           $1,400

Section 2. This is a budget amendment ordinance is temporary in nature, and shall not be codified.

CITY OF HOMER

_______________________

BRYAN ZAK, MAYOR
 

ATTEST:

______________________________

JO JOHNSON, MMC, CITY CLERK

AYES:
NOES:
ABSTAIN:
ABSENT:

First Reading:
Public Hearing:
Second Reading:
Effective Date:

Reviewed and approved as to form:

Mary K. Koester, City Manager                                                                   Holly Wells, City Attorney

Date:                                                                                                                     Date: