City Council will be asked to invest $100,000 a year into both local post-secondary institutions over the next three years during Monday evening’s meeting.
Councillors Lisa Vezeau-Allen and Rick Niro are bringing forth a motion recommending that council earmark and put 20 per cent of the city’s economic development plan into both Algoma University and Sault College for the remainder of the current council term.
This equals out to $300,000 over 2020, 2021 and 2022, to “support projects at our post-secondary institutions that are consistent with and further the goals of our community plan and encourages both Sault College andAlgoma University to work with Deputy CAO Community Development andEnterprise Services and the FutureSSM team to develop projects or plans, either individually or in conjunction with each other, to apply for and access the earmarked funding,” according to the resolution.
“Our community plan, FutureSSM, recognizes that Sault College and Algoma University (our post-secondary institutions) are an integral part of our community’s future and specifically identifies growing our post-secondary institutions as a community goal,” the resolution in the agenda continues.
“Our post-secondary institutions are critical to youth retention, labour force development, economic development and, therefore, community development. The City should recognize, encourage and support the efforts being made by our post-secondary institutions to meet community goals, keep our youth at home, develop our labour force and improve our community.”