Title:
Request Update - COVID-19 Small Business Emergency Stabilization Loan Fund (Commissioner Cotham)
Action:
ACTION:
Direct the County Manager to provide the names of the companies that have received loans and the amount of funding they received from the COVID-19 Small Business Emergency Stabilization Fund and provide the information by district.
Commissioner Contact: Commissioner Patricia "Pat" Cotham
Co-Sponsors: Commissioners Trevor M. Fuller and Vilma D. Leake
Presentation: No
BACKGROUND/JUSTIFICATION:
On April 7, 2020 the Board of County Commissioners adopted a resolution to establish the COVID-19 Small Business Emergency Stabilization Loan Fund, a small business loan fund to provide temporary, emergency operating capital to small businesses located in Mecklenburg County facing adverse economic impacts from the COVID-19 including layoffs, bankruptcy or closure.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A