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 idea is within the City's jurisdiction. 

✅ This idea doesn't name a specific vendor. 

❌ This idea would incur costs indefinitely. 

Justification: Other funding is identified or leveraging existing commercial sites that are vacant. Or capacity building.

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.