Items Types:
Economic Development
For Meeting of:
June 19, 2017
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Funding Agreement Between the City of Orlando and CanvsORL, Inc. for the establishment of the Canvs-Parramore Facility


CanvsORL, Inc., a Florida not-for-profit corporation 501(c)4, headquartered in Downtown Orlando, provides co-working space (17,000 sq.ft.) to anyone starting and growing a company.   Canvs has over 225 members representing over 100 companies and has served over 550 members since its inception in August 2015.  The mission of Canvs is to help transform Orlando into a nationally recognized center for technology-based startups and serves this mission through 3 operating principles:

1.     Make it easy for anyone to startup

2.     Increase the odds of success for those that do

3.     Inspire more people to startup

The Canvs-Parramore will serve as an extension to the Canvs-Downtown location.  This facility will support innovative start-ups within all industries.  There is a need for affordable, innovative, co-working space in Orlando. Canvs-Parramore will provide a collaborative environment for entrepreneurs that need space, resources and community-support to launch or expand their business.  The facility can accommodate fifteen desks and a conference room.  

Under the terms of the attached agreement, the City will provide $50,000.00 to CanvsORL, Inc to establish and operate the Canvs- Parramore facility at the Florida Interactive Entertainment Academy (FIEA), 500 Bentley Street, Orlando, Florida 32805.  The agreement includes exhibits outlining the following: Scope of Services (Exhibit A), Quarterly Performance Reports Schedule (Exhibit B) and Performance Measures (Exhibit C).  

Fiscal & Efficiency Data: Fiscal Impact Statement Attached.  

Recommended Action:
Approval of the Funding Agreement Between the City of Orlando and CanvsORL, Inc. for the establishment of the Canvs-Parramore Facility, and authorizing the Mayor or Mayor Pro Tem and City Clerk to execute same, subject to review and approval of the City Attorney's Office.  

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: Lillian Scott-Payne 407.246.3648
Approved By:

Department Date and Time
Budget Outside Routing Approval 6/8/2017 3:03 PM
City Clerk 6/8/2017 3:21 PM

Name: Description: Type:
Canvs_-_Parramore_funding_agreement_-_final.pdf Agreement and Exhibits Backup Material
CanvasORL__FIS.docx Fiscal Impact Statement Backup Material

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