EDA Revolving Loan Fund grant and administrative plan update
Long Beach
Summary
Long Beach won a $750,000 federal EDA grant for its small business revolving loan fund, and adopting the updated administrative plan is the last step to receive the money. Commissioners deferred adoption to August to review the decade-old plan's first update.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 3, 2026.
Impact analysis
A $750,000 federal grant will recapitalize the small business loan fund once the plan is adopted.
Long Beach small businesses, especially startups and businesses that can't qualify at conventional banks.
Mentions & discussions (1)
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