The city's Economic Development Loan Fund (EELF) provides crucial financial assistance to local businesses, particularly those in priority areas, involved in energy efficiency, or owned by disadvantaged groups. The discussion focused on ensuring the program remains effective and responsive to current economic conditions.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 90 before that.
The program budget is decreasing by $145,000 to a total of $205,000 for FY27.
Local small business owners who face revenue losses due to city construction projects.
The city is scaling back construction grants as major road projects end, but council members want to ensure small businesses still have support when city construction disrupts their operations.
The city is looking at ways to help small businesses survive, including potentially raising loan limits and helping them find space in empty storefronts.