Fiscal Note
A Resolution authorizing a non-competitive selection contract with the Madison Northside Planning Council for the continuation of the MarketReady Program. The Economic Development Division's 2019 Adopted Capital Budget includes $100,000 to extend the MarketReady Program through 2019. No additional City appropriation is required.
Title
A Resolution authorizing a non-competitive selection contract with the Madison Northside Planning Council for the continuation of the MarketReady Program, which is a business training and micro-grant program designed to help prospective Public Market vendors become ready to start their business and operate within the Madison Public Market when it opens in 2021. (12th A.D.)
Body
WHEREAS, the City launched the MarketReady Program in 2017 to prepare a diverse cohort of entrepreneurs for success in the Madison Public Market. The concept of the MarketReady Program came out of the Racial Equity Impact Analysis for the project, which the City’s RESJI team completed in 2015. Administered by community partners, this program is working with 30 entrepreneurs providing business training, business coaching, peer-to-peer support, and micro-grants. MarketReady has been helping participants prepare business plans, develop marketing strategies, purchase equipment, secure financing, and test products; and
WHEREAS, Staff and the Public Market Development Committee designed the “MarketReady Program” to focus on helping potential public market vendors prepare business plans, develop marketing strategies, get products tested, establish any required permits or licenses, purchase supplies, purchase equipment and design stalls, etc. - all with the goal of helping them be more poised to be successful within the Public Market when it opens; and
WHEREAS, As directed by Council, the City Staff issued in 2016 a Request for Proposals (RFP #8552-0-2016-BP) to seek an administrator to assist in creating and running the MarketReady program; and
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