Economic Development Commission Revolving Loan Subcommittee

Friday, June 10, 2022 · 2:00 PM AM · 411 W. Ocean Boulevard 10th Floor Conference Room

TL;DR

The Economic Development Commission's Revolving Loan Subcommittee met via teleconference to review and approve a microenterprise loan application and discuss the city's loan portfolio. The meeting was routine, focusing on supporting small local businesses through financial assistance.

Key Decisions

  • Microenterprise Loan for Local Business Passed
  • Approval of February Meeting Minutes Passed
  • Review of Revolving Loan Fund Portfolio Received and Filed
Agenda PDF Minutes PDF

Agenda

  1. SPECIAL COMMISSION MEETING VIA TELECONFERENCE PURSUANT TO AB 361 (GOV.CODE § 54953(e)(1)-(2)) To join the meeting via meeting via WebEx https://longbeachcity.webex.com/longbeachcity/j.php?MTID=m57f68d1a1fcaf51e257325c53e0b8147 Meeting number (access code): 2493 267 8607 Meeting password: JMmYYJCp355 To join by phone +1-213-306-3065
  2. Untitled item
  3. CALL TO ORDER
  4. ROLL CALL
  5. DIRECTORS REPORT
  6. REGULAR AGENDA
  7. 1. Recommendation to receive and file Commissioner recommendations for future agenda items, speakers, and presentations.
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Commissioner Cohn, seconded by Commissioner Metoyer, to approve recommendation. The motion carried by the following vote:

  8. 2. Recommendation to receive and file the minutes for the meeting held February 25, 2022
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Commissioner Cohn, seconded by Commissioner Metoyer, to approve recommendation. The motion carried by the following vote:

  9. 3. Recommendation to approve the Microenterprise Loan application in the amount of $35,000 for Jackie L. Stevenson dba Jackie’s located at 3600 E. Anaheim Street, Unit B, Long Beach, CA 90804
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Commissioner Cohn, seconded by Commissioner Metoyer, to approve recommendation. The motion carried by the following vote:

  10. 4. Recommendation to receive and file a presentation by Economic Development staff on the City’s Revolving Loan Fund portfolio
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Commissioner Cohn, seconded by Commissioner Larkins, to approve recommendation. The motion carried by the following vote:

  11. PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
  12. ADJOURNMENT
  13. I, Bob Mossler, Project Analyst, Economic Development Department certify that the agenda was posted not less than 24 hours prior to the meeting. Signature: ________________________ Date: _____________
  14. NOTE: An agenda may be obtained from the City Clerk Department prior to the meeting or can be mailed if Note: The Economic Development Commission agenda and supporting documents are available on the Internet at http://longbeach.legistar.com/Calendar.aspx. Agenda items may also be reviewed in the Office of the City Clerk or online at the Main Library and at the Branch Libraries. Persons interested in obtaining an agenda via email should send an email request to the Clerk of the Economic Development Commission at robert.mossler@longbeach.gov. Any supplemental writings or documents regarding an agenda item that are distributed to a majority of the Economic Development Commission after the posting of this agenda will be available for public inspection in the Office of the City Clerk during normal business hours and available on the internet at: “http://longbeach.legistar.com/Calendar.aspx." The City of Long Beach intends to provide reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. If a special accommodation is desired, please call Bob Mossler 48 hours prior to the Economic Development Commission meeting at (562) 570-5503. This information is available in an alternative format by request to Bob Mossler at (562) 570-5503. For correspondence purposes you can reach City staff at robert.mossler@longbeach.gov.