Item 21 - Santa Ana Business Interruption Fund Program

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Community Development Agency santa-ana.org/cd Item # 21 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report March 1, 2022 TOPIC: Santa Ana Business Interruption Fund Program AGENDA TITLE: Approve the Santa Ana Business Interruption Fund program to provide financial relief to businesses impacted by the OC Streetcar Construction in the Amount of $1,500,000 (General Fund) RECOMMENDED ACTION Approve the Santa Ana Business Interruption Fund program in the amount of $1,500,000 to provide financial relief to businesses impacted by the OC Streetcar construction. DISCUSSION The Santa Ana Business Interruption Fund program provides financial assistance to small “mom and pop” businesses located along the OC Streetcar transit project that are directly impacted by transit rail construction in Downtown Santa Ana (DTSA). While the OC Streetcar is anticipated to facilitate transportation throughout the community to better connect residents and tourists to the city, the City recognizes the immediate need to assist local businesses that are currently facing economic challenges due to the construction closures on 4th Street. To help mitigate the economic challenges, eligible businesses may receive up to $10,000. To qualify, a business must rely on foot traffic flow as their main source of revenue, such as retailers, restaurants, and personal care services. The financial assistance will be based on a tiered system: Tier 1 – Businesses directly adjacent to construction on 4th Street Tier 2 – Businesses with a storefront entrance within 100 feet of 4th Street within the construction zones Currently, construction is on 4th Street is occurring between Mortimer and Bush, and between Main and Broadway. As construction moves along 4th Street, additional businesses may be eligible. To facilitate the application process, staff will have a physical presence in DTSA to assist