Item. Comments will be made in the order that they are received. When the moderator announces that Public Comment is being made, press starthree to enter the queue. When prompted, callers will have the standard three minutes to provide comment. Ensure you are in a quiet location, speak clearly, and turnoff any t. V. S or radios around you. Clerk item 1, roll call. [roll call] clerk general Public Comment. Members of the public may address the commission for up to three minutes on any item within the commissions jurisdiction that does not appear to the agenda. Speakers may address their remarks to the commission as a whole and not to individual commissioners or personnel. Commissioners are not to engage in conversation or debate with a speaker. Lack of response does not necessarily indicate agreement with Public Comment. Commissioner covington thank you, madam speaker. Are there any public speakers that would like to comment at this time . Clerk there operator there are no Public Commen
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