Board debate centers on whether emergency stabilization grants should pay rent or payroll
Board members questioned whether emergency stabilization funds (capped at $10,000 per award in packet language) are an appropriate use of BEDC taxpayer resources for rent, utilities or payroll; staff and business owners said the grant is intended for one-off emergencies with documentation and not for sustaining chronically failing businesses.
The full story
A Monday discussion at the BEDC meeting turned to the scope and prudence of the proposed Emergency Stabilization grant after a board member raised concerns that paying rent, utilities or payroll could prop up failing businesses rather than preserve those affected by discrete emergencies.
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