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JADA OKs $575,000 spending plan, lowers minimum grant to $25,000 for redevelopment program
Summary
The board approved a plan to spend $575,000 from the redevelopment investment program to rehabilitate blighted and underused properties; members adopted a $25,000 minimum grant to target lower-income neighborhoods and make awards accessible to smaller entrepreneurs.
The JADA board on May 14 approved a plan to allocate $575,000 from its approved budget to a redevelopment investment program designed to rehabilitate blighted, derelict and underutilized facilities and infrastructure.
Staff said the program is a component of a package the board previously approved in December and includes entrepreneur grants and youth workforce elements. The plan will be administered through an online application portal and…
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