City of Albuquerque
Share to Facebook Share to Twitter Bookmark and Share
File #: R-22-40   
Type: Resolution Status: Enacted
File created: 5/16/2022 In control: City Council
Final action: 6/6/2022
Enactment date: 6/28/2022 Enactment #: R-2022-047
Title: Approving And Authorizing The Acceptance Of Grant Funds From The Department Of Commerce Minority Business Development Agency And Providing An Appropriation To The Economic Development Department For Fiscal Year 2023 (Pe?a, by request)
Attachments: 1. R-40, 2. R-40Enacted
Date Action ByActionResultAction Details
6/28/2022 City Clerk Published  Action details
6/21/2022 Mayor Signed by the Mayor  Action details
6/14/2022 City Council Sent to Mayor for Signature  Action details
6/6/2022 City Council PassedPass Action details
5/16/2022 City Council Introduced  Action details
5/16/2022 President To be heard at the Council Meeting  Action details

CITY of ALBUQUERQUE

TWENTY- FIFTH COUNCIL

 

 

COUNCIL BILL NO.      R-22-40                  ENACTMENT NO.   ________________________

 

SPONSORED BY: Klarissa J. Peña, by request

 

 

RESOLUTION

title

Approving And Authorizing The Acceptance Of Grant Funds From The Department Of Commerce Minority Business Development Agency And Providing An Appropriation To The Economic Development Department For Fiscal Year 2023 (Peña, by request)

body

APPROVING AND AUTHORIZING THE ACCEPTANCE OF GRANT FUNDS FROM THE DEPARTMENT OF COMMERCE MINORITY BUSINESS DEVELOPMENT AGENCY AND PROVIDING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT FOR FISCAL YEAR 2023.

WHEREAS, the Albuquerque Economic Development Department, in partnership with the Minority Business Development Agency and the MBDA New Mexico Business Center will benefit from additional funding appropriated in the Coronavirus Relief Act for the purpose of assisting Minority Business Enterprise in Albuquerque, in the state, and across the United States; and

WHEREAS, this non-competitive funding is for assisting minority business enterprises to prevent, prepare for, and respond to coronavirus, including identifying and accessing local, state, and federal government assistance related to such virus; and

WHEREAS, strong empirical evidence shows that promotion of diversity, equity, and inclusion is an effective strategy for improving profitability, creativity, governance, and problem-solving outcomes in the private sector; and

WHEREAS, under the leadership of Mayor Keller, the Albuquerque Economic Development Department has committed to a strategy that includes growth of local businesses, shifting more of the City’s purchasing to Minority Business Enterprises; and

WHEREAS, the Department of Commerce Minority Business Development Agency promotes the growth of minority-owned businesses through public and private sector programs, policy, and research, operating through a national network of MBDA Business Centers; and

WHEREAS, the additional funding would be used to assist smaller and non-employer MBEs under the MBDA New Mexico Business Center; and

WHEREAS, the City applied for a non-competitive grant in the amount of $458,247 from the Department of Commerce Minority Business Development Agency; and

WHEREAS, the grant funding, as awarded, would be dispersed over 1 year, limited to $458,247, beginning July 1, 2022 and ending June 30, 2023; and

WHEREAS, the grant would fund the lease of two office spaces at the Albuquerque Hispano Chamber of Commerce for close collaboration with the existing New Mexico MBDA business center, for $13,000 for a term of one (1) year.

BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:

                     Section 1.  That Council hereby approves and authorizes the City of Albuquerque’s Economic Development Department to accept the grant appropriated under Coronavirus Relief Fund from the Department of Commerce Minority Business Development Agency in the amount of $458,247, and its acceptance and filing with appropriate official or office is in all respects approved.

                     Section 2.  That funds in the amount of $458,247 are hereby appropriated to the City of Albuquerque's Economic Development Department in the Operating Grants Fund (265) for Fiscal Year 2023.                       

                     Section 3.  The Council hereby further approves the use of part of the funds received from the grant award from the Department of Commerce Minority Business Development Agency for the lease of two office spaces to facilitate the project.