Number
020888
Version
ORIGINAL
Reference
Sponsor
ALD. HENNINGSEN,HINES,BOHL, BREIER AND RICHARDS
Title
Resolution authorizing the transfer and expenditure $10,000 from the Development Fund for a contribution to the High-Tech Cluster Identification Initiative. (DCD)
Analysis
This resolution authorizes the City of Milwaukee to make a $10,000 contribution toward the purchase of identification signage for the nearly 200 high-tech businesses that currently operate in Downtown Milwaukee. We Energies has partnered with Kahler Slater Architects for this sign identification initiative to visually identify the largest cluster of high-tech businesses in the State to convey to local, regional and national audiences that Milwaukee has a vital and growing high-tech business sector. The Collaborative Downtown Associations (BID No. 21, Westown, Eastown and Historic Third Ward Associations) have partnered to promote and publicize this initiative. We Energies has committed to match the City's contribution.
Body
Whereas, The City of Milwaukee's ("City") Capital Budget provides for the Development Fund; and
Whereas, The City has an ongoing commitment to support, market and encourage the growth of Milwaukee's high-tech business sector; and
Whereas, The City wishes to contribute $10,000 for a sign identification initiative to which We Energies has committed to match the City's contribution; and
Whereas, This initiative is the outgrowth of an exhaustive study funded by Kahler Slater Architects regarding Milwaukee's ability to recruit and retain high-tech business; and
Whereas, The visual impact of identifying the largest cluster of high-tech businesses will help overcome the perception that Milwaukee remains a traditional manufacturing town and will help attract additional businesses, workers and ancillary businesses which service these firms and their workers; and
Whereas, Private contributions will match or exceed the City's contribution for th...
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