Title:
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Subject: Annual Governor’s Office Of Business And Economic Development Grant For Cannabis Equity Program
From: Economic And Workforce Development Department - Special Activity Permits
Recommendation: Adopt The Following Pieces Of Legislation:
1) A Resolution Authorizing The City Administrator To: (1) Apply For, Accept, And Appropriate Three Million Dollars ($3,000,000) In State Of California, Governor’s Office Of Business And Economic Development (Go-Biz) Equity Act Grant Funds; And (2) Expend And Administer The Go-Biz Grant By: (A) Providing Grants For Business Start-Up And Ongoing Costs In An Amount Not To Exceed Two-Hundred And Fifty Thousand Dollars ($250,000) Per Grant For Cannabis Business Equity Applicants And Licensees, To Be Determined And Without Return To Council; And (B) Covering Staffing And Other Administrative Costs For The City’s Cannabis Equity Program; And
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