Good morning. The meeting will come to order. Welcome to the thursday, april 16th meeting of the government audit and Oversight Committee. I am the chair of the committee joined by aaron peskin and Committee Member matt haney. Thank you to the clerk, john carroll. I would like to thank sfgovtv for staffing the meeting. Mr. Clerk, do you have any announcements. Yes, due to the covid19 Health Emergency and to protect Board Members the board of supervisors legislative chamber and Committee Room are closed. Members will be participating in this meeting remotely as if they were physically present. Comments will be available for each item on the agenda cable channel 26 and sfgovtv are streaming the number on the screen. Each speaker is allowed two minutes to speak. Comments or opportunities to speak during the Public Comment period are available by calling 888 2045984. Use the access code. That is 3501008. After you have entered the access code you will press the pound symbol and the pound s
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