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Council approves $300,000 microgrant stabilization program for fire-affected small businesses
Summary
To aid businesses hit by the recent fires and prolonged Pacific Coast Highway closures, the council approved a $300,000 Small Business Microgrant Stabilization Program (grants of $5,000–$20,000) with awards reviewed by the Administration & Finance subcommittee and reporting back to council.
At the April 28 meeting staff proposed a Small Business Microgrant Stabilization Program to help commercial tenants and small proprietors hurt by the Palisades fire, storms and prolonged Pacific Coast Highway disruptions. The program sets an initial pool of $300,000 drawn from the city’s undesignated general-fund reserve, and grant awards in the proposed design would…
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