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Supervisors split on OEWD loan fund; motion to defer additional funds fails 2–3
Summary
Supervisors debated whether to immediately allocate OEWD's proposed $2M revolving loan fund and $1M loan-loss reserve to unlock Section 108 loans; a motion to scale back the immediate allocation per the budget analyst failed on a 2–3 roll call.
Jennifer Matz, director of the Office of Economic and Workforce Development, asked the committee for an immediate $2,000,000 allocation to a small‑business revolving loan fund and proposed a $1,000,000 loan‑loss reserve intended to unlock access to $23,000,000 in federal Section 108 financing for larger catalytic loans.
The budget analyst recommended trimming the first‑year allocation, arguing past…
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