...Title
Actions Related to the Allocation of Community Benefit Payment from Google.
...Recommendations
(a) Approve staff’s recommended funding allocation of $4.5 million community benefit payment from Google as follows:
(1) San José Aspires program in the amount of $1,500,000;
(2) Paid work experience and occupational skills training program in the amount of $625,000;
(3) Childcare subsidies for training program participants in the amount of $600,000;
(4) College and career pathways coordinator (three-year project position) in the amount of $525,000;
(5) Gardner neighborhood programs (specifics still to be determined) in the amount of $1,000,000; and
(6) Community Stabilization and Opportunity Pathways Fund set-up work in the amount of $250,000.
(b) Adopt the following 2021-2022 Funding Sources Resolution and Appropriation Ordinance Amendments in the General Fund:
(1) Increase the estimate for Other Revenue by $4,500,000 and
(2) Establish the Google Community Benefits - Economic Development City-wide appropriation to the Office of Economic Development and Cultural Affairs in the amount of $4,500,000.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Economic Development and Cultural Affairs/Library/City Manager)