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Auburn council creates Tenant Improvement Economic Assistance Grant, sets $40,000 cap for first year
Summary
The Auburn City Council established a tenant-improvement grant program using CDBG funds, approving a $40,000-per-award cap for the initial year and directing staff to return in one year to reassess funding and sustainability.
The Auburn City Council on a unanimous vote approved a Tenant Improvement Economic Assistance Grant program aimed at helping local businesses with tenant improvement costs.
Councilwoman Dowden Calvio said she supported the idea of a sustainable program and raised questions about award size and program longevity. “I originally thought about perhaps having a 0 interest loan… I really want a sustainable program so that we can benefit as many businesses as possible,” Dowden Calvio said. Jonathan Wright, the city’s economic development director, said the program is designed to match significant private…
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