HomeMy WebLinkAboutRESOLUTION 1995-16Suggested by:
City Manager.
CXT¥ OF K~N~X
REBOBUTXON NO. gS-~6
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAi, ALASKA.,
SUPPORTING THE ESTABLISHMENT OF A BUSINESS INNOVATION C~ER"
WITHIN THE BOUNDARIES OF KENAI PENINSULA BOROUGH BY THE KENAZ:
PENINSULA BOROUGH ECONOMIC DEVELOPMENT DISTRICT, INCORPO~T~::'.
(EDO).
WHEREAS, EDD is in the process of applying for a Sx,000,000"qrant'".,
from the U.S. Department of Commerce, Economic Development' '
Administration (EDA), for the Kenai Peninsula Business .InnoV&tiOn
Center (small business incubator); and
WHEREAS, the goal of the EDD is to foster economic growth bY'
developing and implementing a borough-wide economic development
program which is designed to create employment opportunities for
borough residents and complement community and individual
development initiatives; and
WHEREAS, the EDD has been working with small businesses
throughout the Kenai Peninsula Borough through its Business
Assistance Program since 1988; and
WHEREAS, statistics show that a high percentage of small
businesses fail in the first five years of existence; and
WHEREAS, small business is the backbone of the economy '~n"
America; and
WHEREAS, small business incubators have been shown to be one .of'
the most effective tools to ensure the success of small business
start-ups and reverse the failure rate; and
WHEREAS, EDD is initiating plans for a Business Innovation center.
as a facility to assist small businesses in their critical 'early
stages of development; and
WHEREAS, the Kenai City Council is interested in encouraging'
small business entrepreneurship.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, supporting the establishment of a business innovation
center within the boundaries of Kenai Peninsula Borough by the
Kenai Peninsula Borough Economic Development District,
Incorporated (EDD).
PASSED BY THE COUNCIL OF THE
of April, 1995.
ATTEST:
CITY OF KENAI, ALASKA, this igth day