The People's Budget

Type of funding: Infrastructure (capital)

Rough cost estimate: Over $7.2 million

Evaluation notes:

✅ This idea could be implemented without changing current policy or law.

❌ This City doesn't have jurisdiction to do this idea. 

✅ This idea doesn't name a specific vendor. 

❌ This idea would incur costs indefinitely. 

Justification: Funding is leveraged with other funding sources, would need location to determine building or land acquisition, and collaboration with FAS & OPCD.

Other notes: OED Business Community Ownership Funds secures fixed, affordable rents for business owners. This financial stability keeps current neighborhood businesses in place and brings displaced business owners back to their communities.

Thank you for sharing your idea. This idea and its evaluation have been forwarded to the budget delegates. They will use this information to group together similar ideas, narrow down options based on community needs, and develop fully detailed proposals for you and your community to vote on in October 2023.