This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with Rev1 Ventures to administer the Entrepreneurial Signature Program. It also authorizes the appropriation and expenditure of up to $250,000 from the Neighborhood Economic Development fund and allows for the advancement of funding on a predetermined schedule.

To authorize the Director of the Department of Development to enter into a grant agreement with Rev1 Ventures, a not-for-profit entity, for the purpose of administering the Entrepreneurial Signature Program; to authorize the appropriation and expenditure in an amount up to $250,000.00 within the Neighborhood Economic Development fund, and to authorize the advancement of funding on a predetermined schedule. ($250,000.00)