In a recent San Francisco County government meeting, officials discussed the establishment of a relief fund aimed at supporting local businesses affected by the Asia Pacific Economic Cooperation (APEC) event and ongoing infrastructure projects. The proposed allocation of $2 million to the Office of Economic and Workforce Development is intended to mitigate the economic impacts faced by businesses in the area, particularly those near the APEC security perimeter and undergoing significant construction.

Supervisor Dorsey, a key proponent of the initiative, emphasized the importance of addressing the challenges faced by local businesses, which have suffered from reduced foot traffic and operational difficulties due to APEC-related disruptions. He highlighted that some businesses, particularly in the Yerba Buena and SoMa neighborhoods, are vital to the city’s economic recovery, generating substantial sales tax revenue. Dorsey noted that many businesses had to rely on personal savings to cover rent during this challenging period, underscoring the urgency of the proposed relief fund.

The meeting also addressed the broader implications of ongoing infrastructure projects, such as the replacement of Muni train tracks on Terravel Street, which has further strained small businesses already impacted by the pandemic. Supervisor Engadio pointed out that while the long-term benefits of these improvements are clear, immediate support is crucial to ensure that local merchants can survive the disruptions. Reports indicated that some businesses have experienced sales declines of up to 70%, raising concerns about their viability once construction is complete.

Both supervisors called for a dedicated relief fund to provide financial assistance during major construction projects and other disruptive events, recognizing the need for proactive measures to support small businesses. The discussions reflect a growing awareness among city officials of the challenges faced by local merchants and the importance of maintaining a vibrant economic landscape in San Francisco.

As the city navigates these complex issues, the proposed relief fund represents a critical step toward supporting the local economy and ensuring that businesses can thrive amidst ongoing changes. The committee's next steps will involve further deliberation on the allocation of funds and the development of a comprehensive support strategy for affected businesses.