TO: Mayor and City Council
FROM: Dustin Anderson, Director of Community Development
SUBJECT:
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Resolution Authorizing CDBG Funding and Subrecipient Agreement with Latino Economic Development Association, NFP as a Program Year 2025 CDBG Activity in an Amount not to Exceed $150,000.00
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BACKGROUND:
Latino Economic Development Association (LEDA) has been recommended for Community Development Block Grant funds in the amount of $150,000.00 to support their Business Assistance Program. This activity will be used to expand their existing services - providing technical assistance to current and prospective local business owners.
This program is designed to advance economic opportunities and expand small business / microenterprise prosperity. This resource provides technical assistance, marketing, and business support in both English and Spanish at no cost to their clients. Founded 5 years ago, this will be LEDA’s fourth year of administering city-funded CDBG activities.
This program supports CDBG identified Goals, and demonstrates consistency to the City of Joliet 2025-2029 Consolidated Plan.
The attached Resolution authorizes CDBG funding and authorizes the City Manager to execute the CDBG Agreement on behalf of the City of Joliet.
The Diversity and Community Relations Committee will review this item.
CONCLUSION:
This activity titled “Business Assistance Program” will provide technical assistance and business expertise to promote Economic Development to an estimated 200 people/households within City of Joliet.
Funds will be charged to the Community Development Block Grant Fund: Org 21020250, Object 523300, $150,000.00
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council approve the Resolution Authorizing CDBG Funding and Subrecipient Agreement with Latino Economic Development Association, NFP as a Program Year 2025 CDBG Activity in an Amount not to Exceed $150,000.00
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