2. A Minutes 12-19-08 - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting — December 19, 2008 6. NEW BUSINESS (CONT.) C. Airport Economic Development Area (I) Proposal for Job Training Services Ms. King asked how many staff will be employed by Project Impact. Mr. Summers responded that there will be five full -time and two part -time staff. Ms. King asked Mr. Summers how he saw the long tern sustainability of the program, particularly being able to become self - supporting. Mr. Summers said they have designed the program to hit the ground running, with staff who are well trained in working with the high -risk participants. They expect to be fully funded by TIF in the first year, but reduce the reliance on TIF each successive year by getting funding from businesses who benefit from their participants and by grant- writing. The S 1.9M requested from TIF in the budget is for three years of full funding, but Mr. Summers does not expect to need that entire amount if they are able to raise money as expected in year three and in decreasing amounts each year thereafter. Mr. Gibney noted that one of the full time positions will be a grant - writer. There are funds available nationwide for this type of program, but the program needs to be in existence to apply. TIF will provide most of the funding for two years while the program gets established and develops a track record on which to request grant funds. Staff has had contact with at least one major foundation interested in South Bend and seeing a multi- faceted approach to meeting the nanotechnology demands. 15