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HomeMy WebLinkAboutCRA-R-14-0037 Cover MemoSEOPW Board of Commissioners Meeting April 28, 2014 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: April 18, 2014 File: 14-00402 and Members of the CRA Board From: Clarence E. Woods, III Executive Director Subject: Resolution Authorizing a Grant to NANA for the Business Incubator and Community Work Training Programs. References: Enclosures: Supporting Documentation; Resolution BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes the issuance of a grant, in an amount not to exceed $150,000, to Neighbors and Neighbors Association, Inc. ("NANA") to underwrite costs associated with the continued operation of the Business Incubator and Development Program ("Program"). NANA is a non-profit corporation established in 1995 to assist small businesses throughout Miami -Dade County, and has been retained by Miami -Dade County to provide technical assistance for its Mom and Pop Small Business Grant Program and its Micro Loan Program. In recognition of NANA's success with small businesses and job creation, the CRA has authorized grants to NANA in the past to ensure that specialized technical assistance tailored to the needs of the Redevelopment Area are available to complement and further the CRA's economic development efforts. NANA seeks assistance from the CRA to continue the administration of the Program, which currently operates at the NANA's Business Resource Center, 1490 NW 3`d Avenue, Miami, Florida. The Program has served a number of local small businesses by enabling access to, among other things, technical assistance, workshops and training, office services, assistance with identifying capital funding sources, and a business mentoring partnership. Additionally, the Program continues to include the Community Workforce Training Program ("CWTP"), which aims to ensure that local residents have the necessary skills and certifications that will increase their job readiness. CWTP provides employment screening, placement, and referrals of local residents seeking to obtain gainful employment. Commencing this year, NANA has added a component to the Program that is focused on providing technical assistance to participants in understanding and responding to various procurement instruments. Such assistance will include aid to participants in preparing solicited and unsolicited proposals, complying with regulatory requirements, and developing capacity in order to compete and perform. JUSTIFICATION: Section 2, Goals 4 and 6, at page 11, of the 2009 Southeast Overtown/Park West Redevelopment Plan (the "Plan") lists the "creati[on of] jobs within the community," and "improving the quality of life for residents" as a stated redevelopment goals. Section 2, Principle 6, at Page 15, of the Plan also provides for the improvement of the neighborhood economy and the expansion of economic opportunities through the enhancement of existing businesses and local entrepreneurs, as well as the attraction of new businesses that provide needed services and opportunities. This Resolution furthers the aforementioned redevelopment goals and principles. FUNDING: $150,000 from SEOPW Tax Increment Fund, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.