SUBSIDY COMMITTEE RECOMMENDATION TO AMEND FY 2007 ANNUAL ACTION PLAN TO REALLOCATE MICRO-ENTERPRISE FUNDS


STAFF RECOMMENDATION:

Staff recommendation is for Council approval of the reallocation of $35,000 originally designated for micro-enterprise loans or housing rehabilitation to Consumer Credit Counseling Services of the Black Hills for matching funds for Individual Saving Accounts for low income people with a goal of starting a micro-enterprise business, purchasing a home or obtaining higher education.