Equitable Economic Development/Small Business
Economic development should enhance the quality of life for all citizens. The City has a major role to play in creating opportunities and providing pathways for growth regardless of one’s zip code. There is a gap across the board when it comes to access- whether it’s access to wealth, education, housing, transportation, recreation or social capital. Equity must be baked into city ordinances, policies, and day to day practices. Currently that doesn’t exist.
Economic growth comes from access to capital, access to business, business diversity, technical assistance, and a supportive ecosystem. A city that doesn’t support a vibrant small business network cannot be world class.
As Mayor, I will:
Re-establish the Department of Economic Development
Create Equity Impact Enterprises to improve certified business services and increase Women and Minority-Owned Business owners' access to capital and business
Prioritize partnerships with organizations that are already serving our community and help them scale up
Strengthen and expand the Minority and Women Business Enterprise Office
Promote shop local year around
Open a minority owned and operated bank
Help entrepreneurs expand their business into new markets domestically and internationally
Create a Small Business Advisory Commission
Adopt a business diversity ordinance to foster and sustain a diverse small business community
Establish a robust diversity, equity and inclusion office
Update zoning ordinances to include equity provisions
Establish a Commercial Land Trust
Increase access to flexible capital
De-risk 50% of capital for qualified small businesses
Enhance business services support
Fast track local small business permitting
Strengthen the city’s local preference ordinance
Create independent business districts
Account for local small business spending by every department quarterly
Update the City’s local preference ordinance so that local companies are prioritized in all city contracts
Level the playing field with city contracts to create opportunities for new businesses
Provide facade improvements funding
Set aside space for local businesses in new development projects
Improve signage regulatory process and requirements
Allow flexible permitting for appropriate outdoor and sidewalk dining/shopping
Improve wayfinding signage throughout the city
Adopt a tenant bill of rights for both residential and small business commercial renters
Advocate for the expansion of the state Community Development Tax Credit
Add "LGBTQ+" as a qualifying Minority-Owned Business
Establish strategic alliances with the U.S. Small Business Administration and the Minority Business Development Agency at the U.S. Department of Commerce