AGENDA DATE: 2/3/2015
TITLE:
Title
Update on Route 29 Solutions Business Assistance Plan
BODY
SUBJECT/PROPOSAL/REQUEST: Updated report on the Route 29 Solutions Business Assistance Plan progress
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Foley, Davis, Catlin, McClintic
PRESENTER (S): Lee Catlin, Faith McClintic
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: In July 2015, the Board approved a multi-pronged Business Assistance Program designed to limit negative economic impacts to businesses during construction of the Route 29 Solutions projects. The program identified a series of technical, marketing, communications, and regulatory strategies to support businesses before, during and immediately after construction with a concentrated focus on businesses in the footprint of the Route 29/Rio Road intersection project during the most intense construction period of that project, roughly April 2016 - September 2016. The program was developed and is being implemented by a public-private partnership, including representatives from the Small Business Development Center (SBDC), the Senior Corps of Retired Executives (SCORE), the Charlottesville Regional Chamber of Commerce, the Albemarle County Economic Development Authority, the Virginia Department of Transportation, the Thomas Jefferson Planning District Commission, and businesses from the affected area. This agenda item is intended to provide an update on the status of major strategies of the Business Assistance Program.
STRATEGIC PLAN: Goal 4: Economic Prosperity: Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals
DISCUSSION: Staff provided an implementation matrix to the Board as part of the Business Assistance Program when the program was approved last year. Attachment A is an up-to-date matrix showing the status of the approved strategies, including funding sourc...
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