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Supervisors pause ordinance after Mayor and OEWD agree to $10M small‑business relief package
Summary
Supervisor Hillary Ronen said an agreement with the mayor and OEWD will free $10 million this week for small businesses: $1 million in philanthropic funds to double existing resiliency grants and $9 million in city funds to seed a new zero‑interest loan program of up to $50,000 per business. The committee continued the ordinance for one week to finalize details.
Supervisor Hillary Ronen said an agreement with the mayor and the Office of Economic and Workforce Development will produce immediate aid for small businesses harmed by the COVID‑19 crisis, and she asked the Budget & Finance Committee to delay formal consideration of an ordinance while staff finalize program details.
Ronen said the effort will release $10 million this week: $1 million in philanthropic contributions to expand the Small Business Resiliency Grant program and $9 million from city funds to launch a no‑interest…
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