Small Business Funding: Mayor Announces Commercial District Funding
Mayor Edwin M. Lee today announced new commitments to neighborhood commercial districts and small businesses in his proposed two year budget. The budget will more than double grants funding to $1.5 million; add $4 million to dramatically expand loans and other grants specifically targeted at neighborhood small businesses; double the team that works full time in neighborhood commercial corridors to streamline permitting and link small businesses with City programs and resources; and launch the Jobs Squad to help neighborhood small businesses get expert City staff out of City Hall and into the neighborhoods.
Mayor Lee was joined by Board Budget Chair Supervisor Carmen Chu, District 6 Supervisor Jane Kim, area business owners, neighborhood residents and leaders, community-based groups, and City department heads to make the announcement in Little Saigon in the Uptown Tenderloin Historic District neighborhood. Read more.