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Franklin commission authorizes city sponsorship for EDA grant to convert Literacy Council building into nonprofit hub
Summary
The commission unanimously authorized city sponsorship and the mayor’s signature for an Economic Development Administration grant application that would let the city acquire the Literacy Council’s 3,187 sq ft building to create a shared, subsidized nonprofit incubator; city staff will return if the Literacy Council accepts an outside sale offer.
Josh, speaking for the Literacy Council, proposed that the city sponsor an Economic Development Administration (EDA) grant to buy the council’s 3,187-square-foot building and convert it into a nonprofit incubator and shared-services hub. He said the plan could transfer ownership to the city “with no cost to the taxpayers” if the EDA grant covered the purchase and capital improvements and the Literacy Council managed day-to-day operations. "There's an expectation, not an expectation, there's…
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