Agenda

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C. 51

To:	Board of Supervisors
From:	Kathy Gallagher, Employment & Human Services Director
Date:	June 21, 2016

Contra

Costa

County

Subject:

Governor's Office of Business and Economic Development, Office of Small Busienss Advocate Grant

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 06/21/2016

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

ABSENT:

John Gioia, District I Supervisor

Contact:

Elaine Burres, 313-1717

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: June 21, 2016
David Twa,

BY:	, Deputy

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 from the Governor's Office of Business and Economic Development (GO-Biz), Office of Small Business Advocates, in an amount not to exceed $50,000 for the Capital Infusion Program for the period July 1, 2016 through June 30, 2017.

FISCAL IMPACT:

County to receive an amount not to exceed $50,000 (100% State) (No County match)

BACKGROUND:

The purpose of this grant is to help small businesses and entrepreneurs navigate the financing landscape and successfully access the funding needed to operate and /or expand their businesses. Challenges in accessing capital funding remains a barrier to growth for the state's small business base. These grant funds will be used to provide one-on-one business consulting and capital funding infusion.

CONSEQUENCE OF NEGATIVE ACTION:

Without funding, the Small Business Development Center could not implement designed services to aspiring Contra Costa County business owners.

CHILDREN'S IMPACT STATEMENT:

Not applicable