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Supervisors approve pause on ordinance as Ronan and mayor reach $10M small‑business relief agreement

San Francisco Board of Supervisors — Budget & Finance Committee; Budget & Appropriations Committee · April 1, 2020
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Summary

Supervisor Hillary Ronan told the committee she reached an agreement with the mayor and OEWD to release $10 million immediately for small‑business relief—doubling a $1 million resiliency grant and creating $9 million in 0% loans—while the ordinance authorizing a $20 million line was continued for one week.

Supervisor Hillary Ronan told the joint committee on April 1 that her goal was to "get assistance to small businesses who are suffering enormous losses at this moment and do it quickly," and described an agreement with the mayor's office and the Office of Economic and Workforce Development to release $10 million immediately rather than proceed with the ordinance as written.

Under the arrangement Ronan described, $1 million in philanthropic money will replenish and double the city's Small Business Resiliency Grant program, which provides direct grants of up to $10,000, while an additional $9 million from the current general fund will…

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