DEPARTMENT: Economic Development
DEPARTMENT HEAD: Alejandra Lopez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
COVID-19 Community Recovery and Resiliency Plan Small Business Support Pillar Strategies
SUMMARY:
This item provides a briefing on the implementation of the small business support strategies included in the COVID-19 Community Recovery and Resiliency Plan approved by City Council on June 4, 2020. These strategies include financial support for micro businesses, nonprofit and art organizations, targeted door-to-door engagement with micro businesses, financial support for small businesses to provide on-the-job training opportunities for residents, the provision of personal protective equipment and safety supplies to micro businesses and supporting place based and virtual small business resources hubs.
BACKGROUND INFORMATION:
City Council approved the COVID 19 Recovery and Resiliency Plan on June 4, 2020. The plan was developed around the five Guiding Principles of: 1) Public Health and Safety; 2) Equity; 3) Braided Funding; 4) Community Resilience and 5) Well-being.
The strategies associated with this Plan are categorized into four pillars: Workforce Development, Housing Security, Small Business Support, and Digital Inclusion. Each of the four pillars was assigned to a City Council Committee, which will review the implementation plans for each strategy in their assigned pillar. The Economic and Workforce Development Committee will review the Workforce Development and Small Business Support pillar strategies. The strategies included in the Small Business pillar are:
* Financial support for micro businesses via grants ranging from $10,000 to $75,000 to businesses with 20 or less employees;
* Financial support for on-the-job training opportunities for small businesses with 500 employees or less;
* Provision of protective equipment and safety supplies for micro businesses;
* Door-to-door engagement with up to 5,000 micro businesses;
* Support ...
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