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BizLINK reports jobs and revenue gains, seeks smaller renewal; commissioners press for accountability
Summary
BizLINK presented results to the City of Lake Wales commission, reporting about $750,000 in revenue captured by assisted businesses, roughly 40 new jobs and a reported $1.09 return for every CRA dollar invested, and asked the commission to consider a smaller contract renewal as its current agreement nears expiration.
Business incubator operator BizLINK presented a quarterly report to the City of Lake Wales commission and requested consideration of a reduced renewal of its community‑redevelopment contract, which expires next month.
Frank Cornier, chief executive of FTC and co‑founder of BizLINK, and Derek Blue, BizLINK co‑founder and chief operating officer, summarized the group's three‑year effort under a $1.2 million initial contract. The executive summary in BizLINK's packet reported roughly $750,000 in revenue generated by businesses the program assisted, about 40 new jobs and roughly $560,000 in wages; the presenters calculated a $1.09 return for every dollar the CRA…
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