In December 2017, the City Council approved a zoning amendment to create a linkage fee of $2.46 per square foot of commercial development over 15,000 square feet to provide and enhance employment opportunities for Somerville residents. In 2018, the Council approved an ordinance to create the Jobs Creation and Retention Trust and nine-member Board of Trustees entrusted to manage these funds.
Jobs Linkage is currently $2.58 a square foot as of March 2020.
The Job Creation and Retention Trust Board of Trustees is composed of nine members.
JCRT Board of Trustees responsibilities will involve managing the JCRT fund, working with OSPCD staff to implement workforce development strategies outlined in the Talent Equity Playbook, target industry sectors and resident demographics of interest for job training programs, solicit project proposals, and funding workforce development training programs in accordance with the ordinance.
The JCRT Board of Trustees will be comprised of the following representatives and terms:
This is a public meeting of the Job Creation and Retention Trust Board of Trustees. The meeting will be held virtually in compliance with Governor Baker’s emergency orders regarding the Open Meeting Law. See agenda for details.
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