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HOW WILL YOU HELP US ENSURE THAT THE LOANS YOU ENDORSE HAVE A <br />SIGNIFICANT AND POSITIVE SOCIAL IMPACT? <br /> <br />In general, economic development initiatives are designed to create a positive environment for <br />investment in the local economy. Balanced and targeted investment in appropriate growth- <br />inducing activities can leverage limited public sector resources to promote quality jobs and <br />foster a sustainable high quality of life for the people of San Leandro. Additionally, successful <br />economic development generates revenue for the public sector to meet future community <br />needs. <br /> <br />These loans will be used by local businesses to purchase and/or improve their business <br />activities with equipment, small renovations or inventory/product purchases. Assisting with these <br />kinds of acquisitions assists small businesses that would have to borrow the money at high <br />interest rates or use their existing cash accounts. This little bit of help might be the difference in <br />hiring one full time or part time worker or not hiring at all. <br /> <br />