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JSEB monitoring committee: participation up, nearly $200M paid to small-business participants in two years
Summary
The JSEB monitoring committee reported growth in supplier participation and payouts: presenters said the program paid nearly $200 million to JSEB participants over two years, certified JSEBs increased to 551, and FY25 JSEB payments were roughly $86 million. Councilmembers asked follow-up questions about access-to-capital programs and tiering.
Mike Zaffaroni, chair of the JSEB monitoring committee, and Gregory Grant, JSEB administrator, presented the committee’s annual monitoring report to the Finance Committee on March 3.
Grant said the program has grown markedly across the city. “We have experienced 50 to a 150% growth in every single district in Jacksonville,” he said, and later told the committee that over the past two years the city has “paid out nearly $200,000,000 in monies to JSEB participants.” Grant clarified those figures referred to cash…
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