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7.A. - Page 8 <br /> PRIORITY# 5: ECONOMIC DEVELOPMENT <br /> Priority Need Economic Development <br /> Priority Level Low <br /> Population Extremely Low, Very Low and Low Income Persons <br /> Geographic Areas Citywide and low income census tracts <br /> Goals Economic Development <br /> Description Provide support for programs and activities that create, preserve or expand job <br /> opportunities for lower income Redwood City residents <br /> Basis for Priority The needs assessment and citizen participation identified job creation, expansion and <br /> preservation for low income residents as a lower priority <br /> PROGRAMS AND ACTIVITIES <br /> Redwood City Entrepreneur Training Program, Renaissance Entrepreneurship Center, 1848 Bay Road, East Palo <br /> Alto, CA. These funds will be used to support a training program designed to equip low-income, un- and <br /> underemployed residents of Redwood City with the training, tools and resources they need to start, grow or retain <br /> their own small businesses, creating jobs for themselves and others. $70,034—CDBG <br /> TOTAL NON HOUSING COMMUNITY DEVELOPMENT - ECONOMIC DEVELOPMENT ACTIVITY FUNDING <br /> RECOMMENDATION $70,034 <br /> PLANNING & ADMINISTRATION <br /> Planning and Program Administration, City of Redwood City, 1017 Middlefield Road. These funds are used for <br /> CDBG and HOME entitlement grant administration and planning activities including general management, <br /> oversight and coordination; providing citizens with information about the CDBG and HOME programs; preparing <br /> budgets and schedules; preparing HUD required reports and documents; preparing community development plans <br /> (including the Consolidated Plan and Annual Action Plans); preparation and oversight of Environmental Reviews, <br /> and compliance with other HUD requirements. $170,000—CDBG, $21,231—HOME <br /> TOTAL PLANNING AND ADMINISTRATION FUNDING RECOMMENDATION $191,231 <br />