15-11050r RESOLUTION NO. 11050
RESOLUTION APPROVING THE CITY OF RICHFIELD'S
PARTICIPATION IN HENNEPIN COUNTY'S 2015-2017
ECONOMIC DEVELOPMENT INITIATIVE "OPEN TO
BUSINESS"
WHEREAS, Hennepin County Housing and Redevelopment Authority is soliciting
proposals from suburban Hennepin municipalities interested in continuing participation in
small business and entrepreneur technical assistance initiative, referred to as "Open to
Business"; and
WHEREAS, the program provides one on one technical assistance services to
entrepreneurs and small business which include: business plan development, feasibility
studies, cash flow and financing projections, marketing, preparing loan requests, and
advocacy with lending institutions; and
WHEREAS, the Richfield City Council finds that the services available through the
Open to Business Program have the potential to benefit existing commercial area and to
promote future growth of entrepreneurship and business growth in the City of Richfield.
NOW, THEREFORE, BE IT RESOLVED, by the Richfield City Council in and for the
City of Richfield, Minnesota that staff is hereby authorized to make application for a $5,000
matching fund grant for participation in Hennepin County's 2015-2017 Economic
Development Initiative "Open to Business".
Adopted by the City Council of the City of Richfield, Minnesota this 24th day of
February, 2015.
e••ie Goettel, Mayor
Si
-v-n L. Devich, City .nager