The additional 1 million will allow us to recapitalize the loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will support about 100 businesses over the next two years
Loan program. This will allow us to provide lowinterest rates to invest in corridors. Were looking at about 3. 5 rate. But the loan is also available to citywide businesses or businesses across the city. The last time we actually provided resources to this Revolving Loan fund was in 2013, under mayor lee. And main street lounge is our partner in administering the loan. Were currently actually amending their contract, so we can add the additional dollars. Next piece is the 2 million allocation for the next two years to expand the s. F. Shines program, into the bayview, excelsior and lower haight. The dollars support Small Business owners to make improvements to their storefronts and interiors. With the goal here is to make the spaces more appealing and accessible to patrons and contribute to the overall vitality of the neighborhood. We estimate that the additional dollars will support about 100 businesses over the next two years. Just quickly, just some history on the program. Since 200
Numbed but its the table with all of the numbers, the weights, numbers, dollars. Oh, the 429 in cash, how much is equitized . Anna . 250. Working off of your division chart of placements, not counting the fellowship vacancies the box underneath seniorsenior portfolio it says management assistant is that an Investment Officer or what . That title is correct. So thats the classification jay may want to speak to. But that is karens former title and karen is doing work that is akin in most every respect to a security analyst and she does have other duties. Shes not been fulltime in private credit. But the plan is that in the longterm, is that she will be fully dedicated to private credit but that has not been her sole responsibility thus far. Its a personal matter we shouldnt be talking about but i can say she is, bill has indicated, transitioned from the Administration Team and now pretty much predominantly has been through time working with eunice on the investment team. And so this is a
Agencies are going to accomplish our goals, to help our Small Businesses and streamline the efforts. And also with the s. F. Shines program, the Program Manager with that program has been working closely with ria in our office, with Accessible Business Entrance Program and our grant funding. Were really trying to align and maximize all of our funding efforts and supporting each others programs, so that were really making it much easer for businesses as far as helping them. So thats its really great to see how were really working closely together. So accomplish our goals. Great. Well, thank you so much, commissioners. If i may, i just wanted to say thank you very much for the positive responses. Were looking forward to doing more. We know that theres more work to be done. Were certainly not stopping or resting on any of the achievements that weve shared with you so far. I think that i think that were we are living in a very complicated environment for Small Businesses, which is why the
Guest i focus on using my skills to advance operatives with people with disabilities. Host why did you choose that type of law . Guest i was born deaf blind. Most of a rope is designed for people who can see and hear, and will ask for accommodations, for example, getting materials, all of society refuses, putting up barriers and hertz hearts is ga job and thats not fair. I experienced a lot of those barriers and i realized the law is one way we can create change. I wanted to create change and remove barriers for people with disabilities. My own personal story is discrimination and struggle inspired me to become an attorney. Host and here is her book, haben the deafblind woman who conquered harvard law. First deaf blind person to graduate from harvard, is that correct, from Harvard Law School . Guest thats host what was that experience like . Guest we had a lot of unknowns. I couldnt reach out to another deafblind harvard law graduate and ask them, how did you do this . How did you do o