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West Palm Beach plans loan program, sheltered-market projects to help small and minority-owned businesses
Summary
Economic Opportunity staff described a sheltered-market contracting program, bank partnerships to provide bridge financing for contractors and a planned loan program for certified SBEs and MWBEs offering $5,000–$20,000 loans.
City officials told FIU panelists that West Palm Beach is expanding tools to help small and minority-owned businesses compete for municipal work. Frank Hayden, director of the city’s Office of Equal Opportunity/Economic Opportunity, described a sheltered-market program that reserves some city projects for certified small businesses and said the city is developing partnerships…
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