REPORT TO THE CITY COUNCIL
FROM: RUTH F. QUINTO, CPA, Assistant City Manager/Interim Controller
BY: COURTNEY ESPINOZA, Business Manager
Finance Department, Grants Management Unit
SUBJECT
Title
Actions pertaining to American Rescue Plan Act (ARPA) funding to Community Based Organizations (CBOs)
1. Approve an agreement with Fresno Area Hispanic Foundation allocating $2,000,000 in ARPA funding to provide: $1,000,000 in micro grants to underserved and minority small business that have suffered negative economic impacts; $500,000 to small businesses that are at risk of eviction due to the COVID-19 pandemic; and $500,000 for a micro-business assistance program specific to mobile food vendors.
Body
RECOMMENDATION
Staff recommends Council approve an agreement with Fresno Area Hispanic Foundation allocating $2,000,000 in ARPA funding to provide: $1,000,000 in micro grants to underserved and minority small business that have suffered negative economic impacts; $500,000 to small businesses that are at risk of eviction due to the COVID-19 pandemic; and $500,000 for a micro-business assistance program specific to mobile food vendors.
EXECUTIVE SUMMARY
Staff recommends Council approve an agreement with Fresno Area Hispanic Foundation allocating $2,000,000 in ARPA funding to provide: $1,000,000 in micro grants to underserved and minority small business that have suffered negative economic impacts; $500,000 to small businesses that are at risk of eviction due to the COVID-19 pandemic; and $500,000 for a micro-business assistance program specific to mobile food vendors. These programs were approved in concept by Council on June 23, 2022, however additional programs will be offered by Fresno Area Hispanic Foundation are being requested for approval.
Through a formal request for proposals (RFP) process and subsequent Council approval, Fresno Area Hispanic Foundation was allocated $1,000,000 in ARPA funding for to provide micro grants to underserved and minority small...
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