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Finance committee forwards City-funded Business Impact and City Construction Assistance Program to full council
Summary
The finance committee recommended forwarding a resolution creating a $50,000 Business Impact and City Construction Assistance Program, to be administered by the Winchester Economic Development Authority and targeted at businesses materially shut down by city construction projects.
The finance committee of the Winchester Common Council voted to forward a resolution recommending creation of the Business Impact and City Construction Assistance Program (BIC App) to the full council for consideration.
The program was seeded with $50,000 and is structured to provide awards up to $10,000 per affected business for material, site‑specific revenue loss caused by city construction projects. The Winchester Economic Development Authority (EDA) will administer the program subject to appropriation of funds by the city.
Committee members and staff said the program is intended to…
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