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Transcripts For SFGTV 20120216



of this report, neither the office of economic workforce development nor the working solutions are below the moderate income jobs that have been created under the program, even though there is a requirement that each loan produces at least one job. so, on page 6 of our report we see that there has not been an independent evaluation of the program. there is currently a total of $768,000 in funds available to continue the small business program. that would be approximately 31 additional loans. we consider the approval of these general fund monies to be a policy decision for the board of supervisors. supervisor chu: thank you. supervisor avalos: just one question. office of economic and workforce development, i feel like the idea of this program, the concept is something that is important in terms of being able to restores our commercial corridors and small businesses in san francisco. i just feel that for bringing $1 million in, 51 jobs, it does not seem like it would be ....

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Transcripts For SFGTV 20120215



programs, we fund a number of organizations and community centers. there are a number of organizations that can exist on the fund already. i think that there are two ways to look at these loans. one is as the tool in a tool kit for a commercial corridor strategy. i think that it is probably different in each neighborhood as to what the strategy would be. the other way to look at this is broader than a commercial corridor. in some cases, we will be looking to provide loans in a commercial corridor. i think that there is a real need for those kinds of businesses, as well as retail corridor businesses. supervisor kim: i was not suggesting that as how the funds should be utilized, but it will be important to have a sense of what the focus will be put the small business revolving loan funds. it is manufacturing or the commercial corridor, it would be helpful to know how. if there are specific recommendations that you have for average that we can do, or strategies that we c ....

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