HomeMy WebLinkAboutResolution 1393A Re.SOlutlo=1 ~~4LUT10N NQ. I~
A RESOLUTION SUPPORTING THE ESTABLISHMENT
OF A SMALL BUSINESS INCUBATOR IN THE
SOUTH ENTERPRISE ZONE
WHEREAS, the South Enterprise Zone of the City of Fort Worth
is an economically distressed area with high unemployment, low
income levels and a significant number of single parent
households; and
WHEREAS, various organizations and committees, including a
Small Business Incubator Committee formed in April 1988, have
been working to address the need to increase employment
opportunities for the residents in the South Enterprise Zone; and
WHEREAS, a Small Business Incubator Committee, has found,
among other things, that small business incubators:
1. Encourage the development of new businesses by
providing affordable rents, shared administrative
services, and access to a wide range of professional,
technical and financial programs to provide an
environment to meet the needs of small businesses
during their critical stages of development by
reducing their working capital needs, and
2. Substantially reduce the failure rate of small
businesses; and
WHEREAS, a Small Business Incubator Committee recommends
that the City Council support the establishment of a small
business incubator in the South Enterprise Zone of the City of
Fort Worth.
NOW, THEREFORE, BE IT RESOL
FORT WORTH, TEXAS THAT:
The City Council of
efforts by a Small Business
a small business incubator
City of Fort Worth.
VED BY THE CITY COUNCIL OF THE CITY OF
SECTION I
the City of Fort Worth supports the
Incubator Committee in~the pursuit of
in the South Enterprise Zone of the
C1TY OP PORT lYORT9
'~I SECTION II
The City Council of Fort worth will cooperate with a Small
Business Incubator Committee to achieve the goal of establishing
a small business incubator in the South Enterprise Zone of the
City of Fort Worth.
SECTION III
The City Council of the City of Fort Worth will assist a
Small Business Incubator Committee in obtaining resources to
implement the small business incubator as needed.
PAS „ PROVED, AND ADOPTED THIS ~~ DAY OF
(~ 1969.
ATTEST:
CITY SECRETARY
APPROVED AS TO FORM AND LEGALITY:
CITY ATTORNEY
APPROVED BY
CITY COI~NCIL
AS AMENDED
hSAR 7 1989
J.
`. . .
Ci':y Sec:etaxy of the
City of Fort Worth, Texni
CITY OF FORT WORTH
~..