Item Description:
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Agmt A2412204 with Ramsey County Housing and Redevelopment Authority, 03/20/24-12/31/24, total (recv $46,000); Amd 1 to PR00004899 with Interise, Inc., 11/01/22-12/31/24, NTE $320,000, for CEO Now programming
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Resolution:
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BE IT RESOLVED, that Agreement A2412204 with Ramsey County Housing and Redevelopment Authority (HRA) for participation in the CEO Now program serving established, growth-minded businesses in Hennepin and Ramsey Counties, in the receivable amount of $46,000, during the period March 20, 2024 through December 31, 2024, be approved; that the Chair of the Board be authorized to sign the agreement on behalf of the county; and that the Controller be authorized to accept and disburse funds as directed; and
BE IT FURTHER RESOLVED, that Amendment 1 to Agreement PR00004899 with Interise, Inc. to administer the CEO Now program, a cohort-based program serving established, growth-minded business owners and founders with employees in Hennepin and Ramsey counties, increasing the contract amount by $80,000 for a new not to exceed amount of $320,000, with no change to the contract period of November 1, 2022 through December 31, 2024, be approved; that the Chair be authorized to sign the amendment on behalf of the authority; and that the Controller be authorized to disburse funds as directed.
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Background:
Housing and Economic Development (HED) launched the CEO Now program in 2023 to build on the success of CEO Next. CEO Next was spearheaded by Hennepin County and grew into a regional county partnership program designed for stable and scaling second stage businesses in the Twin Cities region. Through intentional focus on equity and inclusion, Hennepin County and metro county partners have increased the diversity of CEO Next participants in recent years.
CEO Now assists entrepreneurs earlier in their business journey, providing the tools to tackle challenges on the way to second stage. The CEO Now program represents a core...
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