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Council approves $7 million from downtown assets fund for small‑business relief, staff to design program
Summary
After lengthy debate over speed, equity and program design, the committee approved a $7 million appropriation (original $5M plus $2M amendment) from the Downtown Assets Fund to create a Minneapolis Small Business Resiliency Fund for merchants affected by Operation Metro Surge; CPED will return program guidelines and a distribution plan.
The Committee of the Whole approved a $7 million appropriation Feb. 17 to create a Minneapolis Small Business Resiliency Fund aimed at helping businesses hurt by Operation Metro Surge. Council Member Chavez introduced the original $5 million proposal; Chair Choudhury offered a $2 million addition that the committee adopted before the final vote.
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