Committee advances pilot construction-mitigation grants, zero-interest loans and $100,000 ecosystem study for small businesses

The Committee on Economic Development and Workforce reviewed a proposed pilot program Feb. 24 aimed at mitigating construction impacts on small businesses and approved advancing the program for further consideration and funding steps.

Economic Development Manager Margaret Toscano and program staff described three linked pilots: active-construction financial support, pre-construction marketing grants, and post-construction façade/interior improvement grants. The proposals use federal American Rescue Plan Act (ARPA) funds as part of the funding mix, and the department described an existing mitigation program established in 2023 for businesses impacted by city construction.

Key program details presented in committee:

- Active-construction support: A $1 million pool intended to help businesses actively affected by city construction, with awards up to $35,000 each. Program materials indicated the phase could assist up to 40 small businesses and funds may be used for payroll, utilities and operating expenses. Eligible corridors include long-duration public-works projects and cultural/central areas…