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African Economic Development Solutions seeks continued state support for small-business lending and technical assistance
Summary
Senate File 19-34 would appropriate $2 million in FY2026 to African Economic Development Solutions for lending, technical assistance and community economic development; witnesses described loan recirculation, small-business job creation and a newly opened Little Africa Plaza incubator.
Senate File 19-34, a request for $2,000,000 in fiscal year 2026 from the General Fund for African Economic Development Solutions (AEDS), was presented to the Senate Committee on Jobs and Economic Development. A DEED fiscal analyst confirmed AEDS received a $2,000,000 one-time appropriation in FY2024-25; the bill would provide a similar one-time allocation in the next biennium.
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