Title:
Title
City Council COVID-19 Response: CARES Act Framework and Funding Priorities; Small Business Recovery Technical Services Contracts [Published for 10-Day Review 08/20/2020]
End
FileID
File ID: 2020-00970
Location
Location: Citywide
End
Recommendation:
Recommendation
Adopt a Resolution regarding the Coronavirus Aid, Relief and Economic Security (CARES) Act Small Business Recovery Program's Technical Assistance Component: 1) authorizing the City Manager or the City Manager's designee to transfer $2 million to the Small Business Technical Component Program (G02610100) from the allocation for the Economic Relief to Small Business Recovery Program (I02003000) in the Federal CARES Act Fund (Fund 2704); and 2) authorizing the City Manager or the City Manager's designee to execute professional services agreements for the Economic Relief to Small Business Recovery Technical Services Program with the following: a) Sacramento Metropolitan Chamber of Commerce for $1,460,000; and b) Asian-Pacific Chamber of Commerce for $3,700,000.
FileName
Contact: Michael Jasso, Assistant City Manager, (916) 808-1380; Leslie Fritzsche, (916) 808-5450, Economic Investment Manager, Office of Innovation and Economic Development, Office of the City Manager
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Contracts with the Sacramento Metropolitan Chamber of Commerce and Asian-Pacific Chamber of Commerce
3-Overview of Technical Assistance Providers
4-Coronavirus Relief Fund Programs
5- Resolution
Description/Analysis
Issue Detail: On March 13, 2020, the City declared a local emergency in response to the spread of the COVID-19 pandemic. Several actions were taken by the City to provide immediate economic relief to city businesses and residents, including allocating $16.1 million in funding for small business loans and $7.5 million in Creative Economy grants. This report recommends entering into two professional services contracts for provision of ...
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