Agenda item details

Authorize continuation of Yuba County small business relief grant program

Number:
581/2020
Department:
County Administrator
Description:
County Administrator: Adopt resolution to make a finding of public purpose; and authorize Chair to execute any related documents to establish a Yuba County small business relief grant program, administered by Yuba Sutter Economic Development Corporation to support local businesses during COVID-19. (Ten minute estimate)
Recommendation:
It is recommended that the Board take the following actions:



Make a finding of a public purpose to continue the business relief grant program in the amount of $500,000 in federal Coronavirus Aid, Recovery, and Economic Security Act (CARES Act) funding to provide funds to qualifying businesses to support increased costs and/or revenue loss due to COVID incurred between March 1, 2020 and October 31, 2020; and



Authorize the Chair or Vice-Chair to sign any required documents to enter into an agreement with the Yuba-Sutter Economic Development Corporation (YSEDC) in an amount not to exceed $525,000 ($500,000 plus 5% admin fee to YSEDC) in order for YSEDC to administer the continuation of the grant program and distribute funds on behalf of the County in substantial conformance with the program described herein.
Attachments
Name Download Ext. Filesize
581/2020 Resolution.pdf pdf 137 kB
581/2020 Funding Agreement.pdf pdf 669 kB
Discussed at meetings:
Meeting BOS - 21/2020 on 11/10/2020 by Board of Supervisors Status: finished
Topic: COUNTY DEPARTMENTS
Minutes: No.34
County Administrator: Adopt resolution to make a finding of public purpose; and authorize Chair to execute any related documents to establish a Yuba County small business relief grant program, administered by Yuba Sutter Economic Development Corporation to support local businesses during COVID-19. (Ten minute estimate)

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