DEPARTMENT: Economic Development
DEPARTMENT HEAD: Alejandra Lopez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Consideration of a Chapter 380 Economic Development Incentive Fund (EDIF) Grant Agreement of $250,000 with Geekdom, LC, for the creation of the Civic Tech Division Pilot Program.
SUMMARY:
The City through its Economic Development Department (EDD), Office of Innovation (Innovation), and Information Technology Services Department (ITSD) in partnership with Geekdom, LC (Geekdom) plan to establish a Civic Tech Division Pilot Program (Program) within the newly established Geekdom Incubator Program. The Program will, over a 2 year period, enable Geekdom to offer business and entrepreneurial support and services for up to six (6) teams developing innovative ideas aimed at addressing civic challenges and opportunities. Staff is recommending City Council adoption of an ordinance authorizing a Chapter 380 Economic Development Incentive Fund Agreement of up to $250,000 with Geekdom to support this Program.
BACKGROUND INFORMATION:
Geekdom, which was established in 2011 and is located in the Rand Building on Houston Street in downtown San Antonio, is the largest coworking space in Texas. Since its founding, Geekdom has helped support the growth and development of the downtown technology and entrepreneur communities. Each year, Geekdom provides programs and support services to independent entrepreneurs, students, veterans, and startup companies in order to foster entrepreneurship, develop tech talent, and further economic development. Along with a variety of working spaces for its 1,700 active members, Geekdom also offers a set of programs, including San Antonio Startup Week (SASW), various educational series, a dedicated Community Fund, lead support for Students + Startups, and Fireside Chats with local tech leaders and entrepreneurs. Geekdom has also partnered with the Office of Innovation (Innovation) on the CivTechSA program, which include...
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