New Braunfels City Council is deciding whether the New Braunfels Economic Development Corp., or NBEDC, should invest $1,125,000 in a program designed to strengthen workforce development and startup support for small businesses.
During a regular meeting on Oct. 12, the council unanimously voted to postpone the item to a November meeting to receive more details on the program.
Some details: The program, named gBETA, is a free, seven-week workshop under Gener8tor, a nationally recognized startup accelerator platform. gBETA is geared toward creating local jobs by assisting small businesses in acquiring outside funding without requiring owners to give up equity.
“We want to make sure we’re investing in the best and the brightest because we do believe bright ideas and brilliance belong everywhere,” said Robert Pieroni, a representative for Gener8tor.
The discussion: District 3 Council member D. Lee Edwards said he wants to make sure they would be investing in something that has potential for success.
District 1 Council member Toni Carter said she has constituents who are not happy with the proposal.