Fiscal Note
Proposed funding of $35,745 is available in the 2023 Small Business & Recovery Program (SBER) within Economic Development's capital budget. No additional appropriation is required.
Title
Providing the Latino Chamber of Commerce (LCC) of Dane County a $35,745 grant for their business development initiatives using Small Business Equity and Recovery Program (SBER) funds and authorizing the Mayor and City Clerk to sign an agreement with the Latino Chamber of Commerce (LCC) of Dane County or their fiscal sponsor for that purpose.
Body
WHEREAS, the Common Council approved the Small Business Equity & Recovery Program (SBER) on September 1, 2020 (RES-20-00613, Legistar #61605); and,
WHEREAS, the City of Madison desires to partner with existing and potential entrepreneurs and organizations, especially communities of color, to take the important steps needed toward promoting a more equitable economic development ecosystem; and,
WHEREAS, the Small Business Equity and Recovery Program (SBER) combines several programs and initiatives aimed at supporting small business development, with a particular emphasis on businesses owned by historically underrepresented entrepreneurs; and,
WHEREAS, the goal of this program is to build back to a better post-COVID-19 economy with greater access to financial support to small business owners, especially those who are historically underrepresented; and,
WHEREAS, the Latino Chamber of Commerce of Dane County is preparing to launch one of its newest business development initiatives that will support Latino and non-Latino businesses with industry specific training, upskilling opportunities, and technical assistance; and,
WHEREAS, LCC will be implementing this initiative through a series of cohorts specifically designed to support small to medium sized businesses develop their capacity to become efficient and compliant with foodservice requirements, bookkeeping solutions, budgeting, and invoice generation; and,
WHEREAS...
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