Title
Subject: (Direct Referral) Communication sponsored by Mayor Mason submitting the Small Business Emergency Fund effected pursuant to COVID-19 Emergency Declarations for consideration.
Recommendation of Mayor Mason: That Common Council ratify Mayor Mason’s Proclamation, Small Business Emergency Fund, dated March 20, 2020, and the loans made thereunder, specifically:
SBEAF-01 - Beacon Hospitality, Inc. - $15,000
SBEAF-02 - JTS Catering, LLC - $15,000
SBEAF-03 - Chit Chaat - $15,000
SBEAF-04 - Divino Gelato Café, Ltd. - $14,000
SBEAF-05 - Fairwinds Canvas, LLC. - $15,000
SBEAF-06 - Gibson Promotions, LLC - $10,800
SBEAF-07 - Innovative Dynamics Networks - $15,000
SBEAF-08 - Kiernan and Laitinen Heating and Air Conditioning, Inc. - $15,000
SBEAF-09 - Lush Life, LLC. - $14,820
SBEAF-10 - Dan Takerian, Inc. - $15,000
SBEAF-11 - McAuliffe Productions, LLC - $9,729
SBEAF-12 - Unique 1 North, LLC - $10,995
SBEAF-13 - Olde Madrid - $15,000
SBEAF-14 - R&K Kong, LLC - $14,450
SBEAF-15 - RG Natural Babies, LLC - $15,000
SBEAF-16 - Sticky Rice, LLC - $15,000
SBEAF-17 - Varitay Studios - $9,706
SBEAF-18 - Yogi’s Pud’n, LLC - $15,000
Fiscal Note: The Small Business Emergency Fund is a forgivable loan program created for businesses under distress from the recession caused by the COVID-19 pandemic, funded by redirecting $250,000 provided by the U.S. Department of Housing and Urban Development 2020 Micro Fund Program.