File #: ID 2019-263    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 5/14/2019 In control: Community Redevelopment Agency Special Meeting
On agenda: 5/16/2019 Final action:
Title: RESOLUTION: APPROVING THE NEW BUSINESS INCENTIVE GRANT PROGRAM GUIDELINES
Attachments: 1. RESOLUTION, 2. BACKGROUND-PROGRAM GUIDELINES
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TO:                     Chair and Members of the Board

 

FROM:                     Samuel A. May, Executive Director

 

DATE:                     May 16, 2019

 

 

Title

RESOLUTION: APPROVING THE NEW BUSINESS INCENTIVE GRANT PROGRAM GUIDELINES

Body

 

 

BACKGROUND:                      Per the direction of the MCRA Board, a New Business Incentive Grant Program has been developed and is attached for Board approval.                                          

 

 

RECOMMENDATION:                     Approval

 

 

FISCAL IMPACT:                     Up to a maximum reimbursement of $500,000 for each approved New Business Incentive Grant.

 

 

CONTACT PERSON: Samuel A. May, Executive Director