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Staff updates committee on discretionary EDF deals, SBIR match and microloan status
Summary
Staff reported the EDF GLP has committed nearly $1.2 million across four projects (estimated 50 jobs), a biotech investor incentive ($125,000) has no disbursements to date, SBIR/STTR local match requires legislation to remove a sunset, and microloan program data is pending.
County staff briefed the Economic Development Committee on several EDF discretionary programs:
- EDF GLP (Grant‑Loan Program): staff said the GLP is supporting awards just under $1.2 million across four projects (two corporate headquarter relocations and two strategic‑industry leases) and that the deals are expected to produce a total of about 50 jobs.
- Biotech investor incentive:…
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