Council committee advances $150,000 transfer to support Represent Cincy small-business retention
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Summary
The Budget & Finance Committee placed on passage an ordinance transferring $150,000 from existing capital resources to the operating budget of the Department of Community and Economic Development to support Represent Cincy’s small-business retention work, primarily in Over-the-Rhine.
The committee considered Item 13, an ordinance proposed by the Department of Community Economic Development to transfer $150,000 of existing capital resources from the economic development initiatives account into DCED’s operating budget to support Represent Cincy’s efforts to retain and attract small businesses, primarily in Over-the-Rhine.
Dr. Dutis (presenting the item) said the funds would provide operating support for Represent Cincy as it works with small businesses to bridge the gap between startup and sustainable operation. Council members praised Represent Cincy and named Jasmine (a program lead mentioned in committee) for her work. Council member Walsh called the organization a “phenomenal group” that provides critical post-startup support.
The committee placed Item 13 on for passage.
Why this matters: committee members said small-business retention complements public-safety and neighborhood-vitality efforts by helping keep storefronts occupied and by supporting entrepreneurs in navigating early growth and cashflow challenges.
Ending: With Item 13 on for passage, council staff will send the ordinance to the clerk to schedule a vote.