June 6, 2023

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Coding startup gets $400,000 from city for capacity building

Coding startup gets $400,000 from city for capacity building
Last year the firm had asked the city for $1.5 million in development support for 2022, and the city agreed that the $400,000 installment approved Monday could cover expenses incurred at any time this year, said Michael S. Brown, chief of staff for Council President Shannon Hardin.

The Columbus Metropolis Council on Monday authorized a $400,000 town grant to a startup pc coding school on the Near East Side that focuses on preparing Black employees for technologies occupations. 

The cash infusion to Color Coded Labs, which commenced in the spring of 2021 with the backing of investments from enterprise capitalists including Mark Kvamme, who served as the top economic advisor to previous Ohio Gov. John Kasich, passed as an crisis “in that it is right away vital” in buy “to keep away from creating interruptions in the delivery of software providers.”

The grant, from the city’s general fund that pays for most simple expert services such as police and fireplace security, trash pickup and others, will enable for reimbursement of the firm retroactively back to Jan. 1, the ordinance states.