HomeMy WebLinkAbout~Master - Submittal of CEBA venture application for BioForce Laboratory RESOLUTION NO. 01-193
RESOLUTION APPROVING SUBMITTAL OF CEBA VENTURE
APPLICATION ON BEHALF OF BIOFORCE LABORATORY
FOR THE CITY OF AMES, IOWA
WHEREAS, the City of Ames has been asked by BioForce Laboratory, Inc., to submit a
$100,000 CEBA Venture application on their behalf to the Iowa Department of Economic Development
(IDED); and,
WHEREAS,the CEBA Venture Project Component is a program designed to assist communities
in the development of entrepreneurial business ventures by making equity-like investments in Start-Up
and Early Stage companies or existing companies development new products or technologies; and,
WHEREAS,BioForce Laboratory,Inc., established in 1994, is the leading developer of next-
generation tools for large scale,high throughput analysis of the functions and interactions for cellular
proteins; and,
WHEREAS,within three years,the company projects it will add approximately nine employees
for this project; and,
WHEREAS, the City of Ames is not being asked to provide financial assistance for this
program; and,
WHEREAS,funding is comprised of a CEBA Venture award,along with research money from
the federal government and equity from BioForce Laboratory, Inc.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
submittal of the CEBA Venture application on behalf of BioForce Laboratory is hereby approved.
ADOPTED THIS 22nd day of May, 2001.
C,Ad&
Diane R.Voss,City Clerk Ted Tedesco,Mayor
Introduced by: Cross
Seconded by: Campbell
Voting aye: Campbell, Cross, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: Goodhue
Resolution declared adopted and signed by the Mayor this 22nd day of May, 2001.