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Council hears economic development quarterly update as URA grants exhaust biennium funding
Summary
Staff reported 19 grants issued since August, $600,000 URA business grant funding largely spent and a request to the Milwaukie Redevelopment Commission to replenish funds; council and staff agreed on outreach to grantees and business clusters.
Assistant City Manager Joseph Biriglio and Economic Development Coordinator Sierra Williams updated council on quarter-two work on the city's economic development goal, reporting progress on business grants, events, public parking information and place-making projects.
Staff said the promotional storefront/tenant-improvement grant program has issued 19 grants since last August and eight grants in the most recent quarter. The pool of URA grant funding for the biennium ($600,000) is effectively exhausted; staff reported three applications in the pipeline. Biriglio and the finance director told council they are preparing a budget-adjustment request to the Milwaukie Redevelopment Commission so the city can sustain the program's momentum.
Why it matters: the grants are intended to improve downtown commercial spaces, attract tenants and preserve businesses.…
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