0786-2025
To authorize the Director of the Department of Development to accept and execute a private grant from Cities for Financial Empowerment Fund (CFE) in an amount up to $90,000.00 under their “Small Business Boost Grant” program; to authorize the appropriation and expenditure in an amount up to $90,000.00 which will be reimbursed upon receipt of the grant funds at various stages of the process; to authorize the Director of the Department of Development to execute a not-for-profit service contract with Jewish Family Services in an amount up to $30,000.00 and be effective as of January 1, 2025; to authorize the execution of the grant agreements with the Entrepreneurial Support Organizations (all not for profit agencies) listed above each in the amount of $15,000.00 effective March 1, 2025; and to receive an additional $10,000.00 as revenue for being deemed an “Expert Mentor” by the CFE which will be deposited into the departments general fund budget as miscellaneous revenue;and to declare an emergency. ($90,000.00)
- Committee
- Economic Development & Small and Minority Business Committee
- Requested by
- Dev Drafter
- Introduced
- March 17, 2025
- On agenda
- March 31, 2025
- Passed
- April 3, 2025
Where it was heard
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