CC PACKET 03241987 - Laserfiche WebLink

Home Browse Search

FUNDING AND MBE EXPLAN WIM OF THE CONCEPf • The "initiative is unique in its focus on human resources, but it has to be perceived to be so, and seen as truly focused, in- practical terms, on the needs of both the disadvantaged and dislocated worker. Subsidized training, education assistance and work experience are the themes which • must explain the initiative and produce the appropriate level of funding and support. There are four distinct considerations in terms of funding. First, money has to be found to pursue,this iniative. Second, money or support, has to result in the acquisition of an appropriate building or facility. Third, money must be available for building modifications or renovation. Fourth and finally, there has to be an appropriate operating budget which allows the iniative to become self-supporting. yA)MY TO PURSUE INdIATIVE: At this poin in time, the Private Industry Council for Hennepin county has passed a resolution to provide fifteen thousand dollars seed money if the final plan is approved by committee - and the council as-a whole. If -the council decided not to-approve, -the -- option would still exist to seek support in this amount from a private corporate foundation in the Twin Cities. A great deal of work has. already been done, but this money would support development activity over • an estimated twelve month period. This initial budget has to support over a twelve month-period HM communication (written and telephone) , documentation (budget and funding) , information (demographic and vocational) presentations (slide and hand-outs)' And travel to obtain immediately the funds needed and to create for the immediate future an informed participative and supportive network throughout the ccmninity. Y TO PURCHM A : There are a number of options to raise the approximately four hundred and fifty thousands dollars required to buy an appropriate building. It should be noted that there are a number of other possibilities that provide the same or a better outcome. First, in terms of options requiring money and then, second, in terms of options not requiring a purchase price. MONEY OPTION: -THE FIRST OF IS BY COHN34M DEVE�ENT . BLACK GRMV FUG: This can take the form of a grant, or a no interest . loan. By way of illustration, twenty thousand dollars a year from five ccnmunities can be sought;. involving such communities as St. Louis Park, Golden Valley, Hopkins, .Edina and New Hope. This involves, of course, getting the support of interested and responsible persons in each of the designated ccamwnities. • Business Plan: Hero 01/15/87:M:05