The People's Budget
your voice, your choice
Setting up a corporate training center in a struggling community can bring numerous benefits, both for the community and the companies involved. Here are some of the key advantages:
Economic Revitalization, Skill Development and Employment Opportunities, Talent Pool for Businesses, Increased Local Income, Community Empowerment, Enhanced Social Mobility, Workforce Diversity. Community Engagement, Reduced Dependence on Social Services, Corporate Social Responsibility (CSR)
This proposal is being evaluated
Type of funding: Infrastructure (capital)
Rough cost estimate: Over $7.2 million
Evaluation notes:
✅ This idea could be implemented without changing current policy or law.
✅ This idea is within the City's jurisdiction.
✅ This idea doesn't name a specific vendor.
❌ This idea would incur costs indefinitely.
Justification: Capacity building or gaps identified as well as partnerships are created to keep proposal programming on-going.
Other notes: OED Business Community Ownership Funds secures fixed, affordable rents for business owners. This financial stability keeps current neighborhood businesses in place and brings displaced business owners back to their communities.
Thank you for sharing your idea. This idea and its evaluation have been forwarded to the budget delegates. They will use this information to group together similar ideas, narrow down options based on community needs, and develop fully detailed proposals for you and your community to vote on in October 2023.
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