Number
090925
Version
ORIGINAL
Reference
Sponsor
ALD. HAMILTON and ALD. WADE
Title
Resolution authorizing an expenditure from the Development Fund for the 30th Street Industrial Corridor Workforce Training Program, in the 1st, 4th, 7th and 15th Aldermanic Districts.
Analysis
This resolution authorizes an expenditure of $289,000 from the Development Fund for the 30th Street Industrial Corridor Workforce Training Program.
Body
Whereas, The City of Milwaukee’s Development Fund may provide grants or loans to offset employee training costs for projects that result in retention or expansion of permanent private employment; and
Whereas, The 30th Street Industrial Corridor contains some of the City’s largest employers providing significant jobs in an area of the City with high unemployment; and
Whereas, Businesses in the 30th Street Industrial Corridor require funding to train new and incumbent workers according to the specific needs of their businesses, as outlined in a Program Plan, a copy of which is attached to this Common Council File; and
Whereas, Development Fund resources are limited and intended for projects with long-term economic benefit and a workforce training program in the 30th Street Industrial Corridor qualifies as an effective use of these resources; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is directed to transfer $289,000 from the Development Fund Parent Account No. 1910-UR03309000A to Account No. 1910-UR03398500 to undertake the workforce activities as described herein and in the Program Plan; and, be it
Further Resolved, That the Commissioner of the Department of City Development is authorized to enter into a Cooperation Agreement with the Corridor Corporation to carryout the workforce development training grants in the 30th Street Industrial Corridor in accordance with the Program Plan.
Drafter
DCD:KLB:klb
11/03/09/A