This ordinance reallocates $400,000 from the Legacy Business Historic Preservation Fund to create a new grant program for Legacy Businesses in the 2021-2022 fiscal year. It aims to support these businesses through financial assistance.
Ordinance de-appropriating $400,000 previously appropriated to the Office of Economic and Workforce Development (ECN) for the Office of Small Business’ Legacy Business Historic Preservation Fund and re-appropriating $400,000 to ECN to provide a new grant program for Legacy Businesses in Fiscal Year (FY) 2021-2022.
How it got here
This legislation originated from the need to create a more equitable grant program for Legacy Businesses in San Francisco, prompted by challenges faced during the COVID-19 pandemic.
The Legacy Business Historic Preservation Fund was added to the Administrative Code through Proposition J to support long-operating businesses in San Francisco.
The President waived the 30-day rule to expedite the consideration of the ordinance for the new grant program for Legacy Businesses.
The Small Business Commission voted to support the proposed ordinance to create a new Legacy Business grant program, emphasizing the need for equitable distribution of funds.
The Budget and Finance Committee recommended the ordinance for approval, allowing for the re-appropriation of $400,000 to support the new grant program.
The Board of Supervisors passed the ordinance on first reading, moving it closer to final approval.
The ordinance was finally passed by the Board of Supervisors, officially reallocating funds for the new grant program.
The Mayor approved the ordinance, allowing the new grant program for Legacy Businesses to be implemented.
Reconstructed from attached documents & the official record
