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Priority #7: Priority Community Development - Business Revitalization <br />Resources Used: <br />The City applied CDBG funding toward economic development programs during this <br />past year. <br />Activities Undertaken: <br />The CDBG program funded the Small Business Loan Program, the Design Assistance <br />Program, and limited support to the City's downtown for business revitalization <br />efforts. <br />Geographic Distribution: <br />The Small Business Loan Program is available city wide, with priority given to target <br />neighborhoods. The Design Assistance Program is available to target areas, <br />specifically along the East 14th Street Redevelopment Area. The downtown is a <br />boundary area within the East 14th Street Redevelopment Area. <br />Matching Contributions: <br />N/A <br />Actual Investment vs. Planned: <br />The City budgeted $416,091 for economic development programs and expended <br />$301,511. Expenditures do not include committed funds/loans during this time <br />period. <br />