Check to see if we have any member of the public on the line. If there is anybody that can hear me and would like to comment on commissioners matters, please press star 3. All right. So Public Comment is closed. We are now on item 15, new business agenda setting. Any new items . None. Is there anyone on the public line, please star 3. I think a bunch of us just got kicked off the system. Anybody there left . Seeing no one on the line, Public Comment is closed for item 15. We are on item 16, communications. Awe nun. Anyone in the public that would like to make comment . On communications . Last one. Anything . All right. Seeing no one, we are on item 17 and adjournment. Move to adjourn. Before we adjourn, i want to thank you very much for we are learning this process as we go, but i think youve got it almost down completely. You can be an inspiration to the entire city. Thank you very much. Thank you very much. We will entertain a motion to adjourn. Second, third and fourthed. All those
Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
The date i want clarification on which date it would come to the Board Meeting. The full Board Meeting. Supervisor fewer do you have that . I have that, madam chair, to the president. So the First Reading you were looking for this, because this is an ordinance, june 23rd. The important meeting to have it near the top of the agenda would be on the second read on june 30th. Supervisor yee okay. And we do not have a t. A. Meeting. So just supervisor fewer okay. Thank you. Supervisor fewer thank you, president yee. I believe that it was i have a motion on the floor to continue this item to the next budget and appropriations committee. And as amended. Could i have a second, please. I thought it was seconded by president yee. I seconded it. Supervisor fewer he did. So sorry, president yee. Roll call vote, please. Clerk on that motion, supervisor walton . Supervisor walton absents. Supervisor mandelman. Supervisor mandelman aye. Clerk supervisor yee . Supervisor yee aye. Clerk supervisor rone
Were now back in session. Thank you everyone for your pa i,. Will you please report on the deliberations in closed session . Yes, mr. Chair. The committee took the following actions. Agenda items two, three, four, six and seven, the committee acted unanimously to recommend each of those ordinances to the board of supervisors. For agenda item number five, chair mar was excused via a unanimous vote and the remaining members recommended that ordinance as well to the board of supervisors for consideration on june 16. Thank you, mr. Clerk. I believe we need to make a motion to not to disclose the closed session discussions. So moved. Please call the order on the motion from vice chair peskin to not disclose [roll call] mr. Chair, there are three ayes. Thank you. Mr. Clerk, any further business . There is no further business. Thank you. We are adjourned. Good morning. The meet willing come to order. Welcome to the thursday, june 4 meeting of the government audit and oversight committee. Im s