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Asheville committee recommends $15.5M small-business relief package, advancing awards to City Council
Summary
The PEDE committee recommended that City Council authorize $15.5 million in CDBG-DR small-business support awards—full funding for Mountain BizWorks ($10,000,000) and Venture Asheville ($855,000), and partial awards to ArtsAVL and Eagle Market Street Development Corporation ($2,322,500 each)—after staff described evaluation scores and HUD-driven requirements.
The People & Environment/Development (PEDE) committee on Jan. 20 recommended that City Council authorize the city manager to execute subrecipient agreements for a $15.5 million CDBG-DR small-business support program, forwarding staff’s funding recommendations for final council action on Jan. 27.
Staff presentation: Elma King, CDBG-DR manager, said the action plan allocated $17,000,000 to the small-business support program, with $15,500,000 earmarked for direct business support, $510,000 for business planning/mitigation technical assistance, and $990,000 for administration. City staff issued a NOFO on Oct. 31 and received five eligible applications requesting roughly $21.35 million in combined funding, requiring trade-offs to fit…
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