Economic Vitality Committee Agenda and Packet 2020 04 13

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SUBJECT: DISCUSSION/DIRECTION/ACTION- SMALL BUSINESS EMERGENCY SOLUTIONS GRANT PROGRAM DATE: APRIL 13, 2020 PAGE 2 OF 2 application to make sure businesses understand that their applicants will be subject to potential records requests. To better share what programs have been adopted by the surrounding communities, staff prepared a narrative summary that outlines key program criteria or eligibility factors; this is included as an attachment. Lastly, attached is a draft application, presenting the eligibility factors agreed-to by the Council as well as recommended information to be gathered from applicants. Please note that we have not finalized the formatting of this document; areas with yellow highlights indicate placeholders for content. DIRECTION/ACTION: The Emergency Solutions Grant program must be adopted by legislative action of the City Council. The expressed desire is for the Economic Vitality Committee to meet and work toward a recommendation on the grant program package. It is anticipated the legislative action would be taken by City Council on April 21. Staff has scheduled two meetings for the Economic Vitality Committee to facilitate this discussion: April 13 and April 15. Once the Committee has had an opportunity to review all program components, staff will seek determination on what to prepare for Council consideration on April 21. RECOMMENDATION: Review the structure, criteria, and administration of the Emergency Solutions Grant program for Louisville small businesses. Provide direction to staff on next steps or take action to recommend a package to City Council. ATTACHMENTS: • April 7, 2020 City Council Presentation, “Economic Vitality Strategic Plan, Business Impacts from COVID-19 and Consideration of Financial Assistance” • Summary of Other Community Programs, Criteria, and Information • Draft Application Agenda Packet P. 6