Merchants Affected By Construction Projects Could Receive Loans & Grants

by Teresa Hammerl : hoodline – excerpt

As major construction and streetscaping projects in the city have brought traffic jams, blocked parking and limited visibility for small businesses, merchants across San Francisco are frustrated.

Now, the city’s supervisors are looking at how they could better support business owners, including with loans and grants.

The Board of Supervisors Government Audits & Oversight Committee met on Wednesday to discuss the economic impact of construction.

“We’re in a construction boom in the private sector and public sphere—with more investments going into capital improvements—than we’ve seen in years,” said District 7 Supervisor Norman Yee, whose district includes West Portal and parts of the Inner Sunset. “What we’re discussing today is the unavoidable impacts these projects have on our merchants and commercial corridors.”…

Kim said that her office had already secured $100,000 add-back for construction mitigation, as well as an additional $95,000 dedicated to merchant assistance.

She also said that she was considering a fee for private developers that would go into a larger citywide fund to help support business owners during private construction projects.

“I know we have a lot of fees on our private developers, but we should consider a small one based on the cost of construction,” she said… (more)

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