Budget Amendment ID: FY2015-S4-432

ECO 432

Economic Development Assistance and Microlending

Messrs. Humason and Pacheco, Ms. Candaras, Messrs. Tarr, Ross and Joyce moved that the proposed new text be amended in section 2, in item 7007-0801, moved that the bill be amended in section 2, in item 7007-0801, For microlending grants of up to $100,000 to be issued to established Community Development Financial Institutions and Community Advantage Lenders making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organization’s lending and technical assistance activities… $200,000