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City staff to propose disadvantaged‑business program using leftover COVID funds, with TIF loans as likely tool
Summary
Greater Oshkosh EDC reported on COVID‑19 loan activity; staff outlined a draft plan to use unspent COVID and TIF funds to support disadvantaged entrepreneurs through loans or forgivable loans and will return to the board this summer for review.
City staff and the Greater Oshkosh Economic Development Corporation updated the board on COVID‑19 business loan activity and said they are developing a proposed disadvantaged business enterprise (DBE) program that could use unspent COVID resources and a portion of TIF funds.
Greater Oshkosh EDC told the board it has deployed a few hundred thousand dollars in COVID‑era loans to Oshkosh businesses and does not expect to reach the maximum transfer amounts the council…
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