Positive Outcomes from City Investment in Small Business Support

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News Date: 
February 20, 2019
Business supported by City investments with El Parajo CDC

In July 2018 the City entered into a three-year Master Agreement with El Pájaro Community Development Corporation (EPCDC) to support implementation of Economic Development Element (EDE) policies and actions related to small business support services.  The City has partnered with EPCDC since 2016 to provide technical assistance and to facilitate access to capital resources to Salinas microenterprise and small businesses.  El Pájaro has a successful track record of providing bilingual and culturally competent technical assistance in our region for over 10 years, and has extensive experience delivering effective programs to support Salinas’ entrepreneurial community.

The general scope of the Master Agreement is the provision of entrepreneur and small business support services including, but not limited to,

  • technical assistance (business plans, managing finances, and marketing),
  • marketing and facilitating access to capital resources,
  • support navigating regulatory requirements and processes,
  • business and economic development assistance supporting the planning and implementation of Chinatown Revitalization and Alisal Vibrancy Plans.

The total compensation amount for the Master Agreement is $150,000. Annual appropriation for fiscal year 2018-2019 is $50,000. EPCDC has leveraged City funds with a SBA Prime grant ($65,000) and a state of California Go Biz grant ($40,000) to increase small business support services.

Click here for a 2018-2019 year to date activity report and Los Padrinos success story.