HomeMy WebLinkAboutRESOLUTION - 45-18 - 10/23/2018 - Next Level Northwest / Grant fundingRESOLUTION NO.45-18
A RESOLUTION AUTHORIZING THE VILLAGE TO SUPPORT NEXT LEVEL
NORTHWEST'S APPLICATION TO RECEIVE GRANT FUNDING FROM THE JP
MORGAN CHASE ADVANCING CITIES PROGRAM
WHEREAS, the Village of Elk Grove Village desires to accelerate the development of
business and industry in Elk Grove Village; and
WHEREAS, the Village of Elk Grove Village in 2017 signed an Inter -Governmental
Agreement with the Village of Schaumburg, Village of Hoffman Estates, Village of Hanover
Park, and the City of Rolling Meadows to create the Next Level Northwest Business Accelerator
program; and
WHEREAS, the Village of Elk Grove Village along with the other founding member
communities have each committed to annually fund Next Level Northwest in the amount of
$15,000 per calendar year commencing in 2017; and
WHEREAS, Next Level Northwest was recognized as a 5016 not -for -profit corporation
by the State of Illinois and the United States Internal Revenue Service in 2017; and
WHEREAS, Next Level Northwest Business Acceleration Partnership is a regional
center for business development in northwestern Cook and northern DuPage Counties as a
business accelerator for small to medium size Stage two businesses and as a center for
continuing education, development, and innovation; and
WHEREAS, Next Level Northwest is applying for a grant from the JP Morgan Chase
Advancing Cities Program.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the
Village of Elk Grove Village, Counties of Cook and DuPage, Illinois, as follows:
Section 1: The Village of Elk Grove Village hereby, For the Record, supports Next Level
Northwest's grant application to the JP Morgan Chase Advancing Cities Program.
Section 2: The Village of Elk Grove Village's support for grant funding to the JP Morgan
Chase Advancing Cities Program shall be deemed exclusive in nature for the sole benefit of Next
Level Northwest.
Section 3: That this resolution shall be in full force and effect from and after its passage
and approval according to law.
VOTE: AYES:6 NAYS:0 ABSENT:0
PASSED this 23,d day of October 2018.
APPROVED this 23rd day of October 2018.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk