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EDC records eligibility distinction between Small Business Improvement and Lease grants
Summary
Amin Moawad reported details from 'Kathy' distinguishing two programs: the Small Business Improvement Grant can be applied for by the business entity, while the Small Business Lease Grant has a restriction barring applicants with common ownership and entity.
Committee member Amin Moawad reported he had received clarification from 'Kathy' on two small-business funding programs. The minutes record that the Small Business Improvement Grant is structured so the business entity itself may apply, while the Small Business Lease Grant excludes applicants that share common ownership and entity, which can affect which businesses are eligible.
The committee recorded this clarification as guidance for future outreach and application assistance but did not take formal action on funding or approve a program-specific outreach plan during the meeting.
