San Francisco County officials are taking decisive action to support small businesses impacted by the recent APEC summit, which was designated a national special security event. During a recent government meeting, Supervisor Dorsey highlighted the challenges faced by local businesses due to unprecedented security measures during the event, emphasizing the need for immediate financial assistance.

Dorsey noted that many businesses remained open during APEC, demonstrating their commitment to the city despite the risks involved. In response to the negative impacts reported by these businesses, Dorsey and Supervisor Chan initiated efforts to allocate a portion of the city’s reserves to aid those affected. This initiative aims to ensure that these businesses can recover and continue to thrive.

The Office of Economic and Workforce Development (OEWD) presented a proposal to amend an existing grant agreement with SF New Deal, seeking an additional $2.45 million to support businesses impacted by APEC and those in the Tenderloin area. This amendment would bring the total grant agreement to approximately $11.4 million, with a significant portion earmarked for direct support to small business owners.

Josiele Cruseta, the small business programs administrator, detailed the ongoing grant programs and the importance of these funds for the local economy. The proposed funding is not only a lifeline for struggling businesses but also a strategic investment in the community's long-term recovery.

Public comments echoed the urgency of the situation, with community leaders stressing the importance of these grants for the survival and revitalization of local businesses. Dr. Carol Tang from the Children's Creativity Museum emphasized that timely funding could be crucial for many organizations facing financial strain since APEC.

As the city moves forward with these initiatives, the focus remains on fostering strong partnerships with local businesses and ensuring that the funds are effectively distributed to those in need. The anticipated outcomes include not just recovery but a thriving business environment in San Francisco as it continues to navigate the challenges posed by recent events.