HomeMy WebLinkAboutCouncil Presentation 10/13/2020-Small Business Assistance During COVID19Local Small Business Assistance During COVID19
Heath Vescovi-Chiordi / Assistant to the Town Manager
10-13-2020
Introduction
•Requested research on this item in July 2020
•Staff was directed to look at business assistance
examples in our region, as well as State and Federal
programs
•Consider various additional factors as a result of
research
•Present findings to Council for discussion and direction
Local Examples
•Private and nonprofit
business assistance
•Small business focus
•Grants and/or loans
•Maximum award
thresholds/award limits
per business
•Establish acceptable
expenditure types
•Business must be local
(located within the
jurisdiction)
•Application requirements
for eligibility
•Infrastructure development
State and Federal Programs
Legal, Financial, and Admin Considerations
•Staff time
•3rd party involvement
•Other administrative
elements
•Staff capacity
•AZ Gift Clause
compliance
•Amounts
allocated/allocation
type
Discussion/Direction