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i <br /> - HENNEPIN COUNTY PRIVATE INDUSTRY COUNCZ <br /> = <br /> 6S, the Hennepin County Private Industry Council recognizes the <br /> importance of promoting economic development opportunities which result <br /> in the creation of suitable jobs for economically disadvantaged persons; <br /> and <br /> r' <br /> WHEREAS, the Hennepin County Private Industry Council has participated in <br /> the preliminary development of the Hennepin Economic Resources <br /> Organization (HERO) for the purpose of promoting a small business <br /> incubator/accelerator facility; <br /> W1MME S, further development of HERO is dependent upon the creation ,Of a <br /> -- -capital budget acrd operating_fund; <br /> THEREFORE, BE IT RESC.VEO, that the Hennepin County Private Industry • <br /> Council allocate $15,000.00 to a development fund, contingent upon <br /> acceptance of the HERO business plan, to be used to finance fund raising <br /> - - activities; and - - - <br /> BE IT THEREFORE RESOLVED, that the Planning and Evaluation subccemnittee <br /> review the HERO Business Plan and make a recommendation relative to <br /> acceptance for ratification by the Council at the March 1987 meeting. <br /> Business Plan: Hero 1/15/87:RSA:05 <br />