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Accept $15,000 grant to support small business loan program

Small Business LoansBudgetAppropriation

In Plain English

The San Francisco Foundation offered Richmond $15,000 to help run a federal loan program for local businesses. The city operates a revolving loan fund through the U.S. Department of Commerce that provides low-interest loans to small businesses. If approved, this grant money helps cover administrative costs of the loan program.

Auto-generated summary. Source: official agenda documents.

Votes

Motion · Official minutes

Approve consent calendar

Passed

7 aye · 0 nay

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