RECOMMENDATION(S):

APPROVE and AUTHORIZE the Employment and Human Services Director, or designee, on behalf of the Workforce Development Board, Small Business Development Center, to apply for and accept grant funding in an amount not to exceed $5,000 from US Bank, for small business advising to low-to-moderate income current and aspiring business owners in the County for the period January 1, 2019 through December 31, 2019.

FISCAL IMPACT:

County to receive an amount not to exceed $5,000 from US Bank grant funding. No County match is required.

BACKGROUND:

The US Bank grant funding will be used to provide Small Business Development Center advising services. Advising services will include guidance on the ability to create and retain jobs, increase annual business sales, and investment strategies for debt and equity investments.

CONSEQUENCE OF NEGATIVE ACTION:

Without funding, current services to low-to-moderate income current and aspiring business owners could not be expanded.