City Council

CC 10. Stand Strong Business Recovery Loan Forgiveness. Recommendation(s): 1. Approve the forgiveness of all Stand Strong Business Recovery loans awarded to businesses deemed “essential” by the State of California and/or the Los Angeles County Department of Public Health during the COVID-19 state of emergency. 2. Authorize the City Manager or his designee to execute all related documents. The proposed loan forgiveness would provide a significant financial boon for small, local businesses affected by the pandemic-related closures, thus helping to ensure their ongoing operation and protecting our community against further job losses.