Title
Project BOAST - Business Opportunity And Supportive Transit
Action
ACTION:
Receive an update on the proposed implementation plan for Project BOAST
Staff Contact: Roger Johnson, Economic Development Director
Presentation: Yes
BACKGROUND/JUSTIFICATION:
In response to the passage of the transit bill, which is projected to generate over $25 billion in infrastructure and construction over the next 20+ years, the County plans to launch Project BOAST (Business Opportunity And Supportive Transit). This initiative reflects a strategic commitment by Mecklenburg County envisioned to be implemented in collaboration with community partners to promote small business support and mitigate business displacement. In addition, Project BOAST is designed to prepare local businesses to take advantage of emerging opportunities across key sectors such as construction, logistics, retail, hospitality, and services, thereby positioning small businesses to participate in the opportunities that result from the strategic transportation investment.
The overarching strategies include:
1. Business Preservation and Anti-Gentrification
2. Access to Contracting Opportunities
3. Capacity Building and Technical Assistance
4. Customer Connections
5. Workforce and Talent Development
The purpose of this presentation is to inform the Board and the public about the proposed next steps to include implementation, anticipated costs, and staffing needs. The proposed implementation will begin in Fiscal Year 2027 and will span over the next 30 years.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
No current fiscal year impact. Funding options will be incorporated into the County Manager's Recommended Budget process.