Title
NEW ITEM: Project BOAST - Business Opportunity And Supportive Transit
Action
ACTION:
Receive a presentation on a proposed strategic framework for supporting small businesses in response to the passage of the transit bill
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 is launching the Project BOAST framework. 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 are expected to 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
Further research and design will be conducted to refine the implementation details.
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.