Sarah in San Francisco. And debbie in riverside county. So, i was really kind of shocked to see four different names with my address on them. She opened them to see if someone had stolen her identity. Instead, the notice said edd paid this person too much in benefits. And it was an overpayment stating that they overpaid by 10,000. Thats a lot of money to pay back. Why was there such a huge mistake that somebody received 10,000 overpayment . I dont recognize the name. No one has ever lived here with that name. David in Huntington Beach got a half dozen of these letters. He was shocked at what he found inside one of them. Heres the debit card still attached to the paper works, still glued to it. And edd debit card from bank of america, addressed to someone named valerie. And here is her award notice, saying, she qualifies for up to 14,000. If somebody fills out a false application in the state of california, you would think there would be some safeguards, a request for department it. If
The additional 1 million will allow us to recapitalize the loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will support about 100 businesses over the next two years
The additional 1 million will allow us to recapitalize the loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will support about 100 businesses over the next two years
Loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will support about 100 businesses over the next two years. Just quickly, just some history on the program. Since 200
Agencies are going to accomplish our goals, to help our Small Businesses and streamline the efforts. And also with the s. F. Shines program, the Program Manager with that program has been working closely with ria in our office, with Accessible Business Entrance Program and our grant funding. Were really trying to align and maximize all of our funding efforts and supporting each others programs, so that were really making it much easer for businesses as far as helping them. So thats its really great to see how were really working closely together. So accomplish our goals. Great. Well, thank you so much, commissioners. If i may, i just wanted to say thank you very much for the positive responses. Were looking forward to doing more. We know that theres more work to be done. Were certainly not stopping or resting on any of the achievements that weve shared with you so far. I think that i think that were we are living in a very complicated environment for Small Businesses, which is why the