STRATEGIC PRIORITY: Economic Development
AGENDA DATE: June 28, 2023
COUNCIL DISTRICT(S):|910|DEPARTMENT: Small Business Center Department
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT
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Authorize a Conditional Chapter 380 Economic Development Grant Agreement with Corinth Communications, Inc. dba The Dallas Examiner (Grantee) in an amount not to exceed $170,998.00 sourced with the South Dallas/Fair Park Opportunity Fund for capital improvements and construction costs related to the renovation/expansion of real property improvements located at 4510 South Malcolm X Boulevard, Dallas, Texas 75215 - Not to exceed $170,988.00 - Financing: South Dallas/ Fair Park Opportunity Fund
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BACKGROUND
The purpose of the South Dallas/Fair Park Opportunity Fund (Opportunity Fund) as authorized by Resolution No. 18-0922 and Ordinance No. 30905 on June 27, 2018, and by Resolution No. 23-0132, on January 11, 2023, is to provide loans and grants to promote economic development and support human development initiatives in neighborhoods surrounding Fair Park (service area). Loans or grants are available to support businesses or entities located within, relocating to, or serving a population of which at least 90 percent are residents of specific census tracts (SDFPOF community). Under the Economic Development program, a project is eligible for funding if it demonstrates that project funding will result in new job creation, job retention, or an increase in the service area tax base.
The Dallas Examiner newspaper has been published and distributed in Dallas since founded by Fred J. Finch, Jr. Esq. in 1986 and located at 4510 South Malcolm X Boulevard, Dallas, Texas. The Dallas Examiner is a Black owned and operated newspaper that provides local, state, and national news.
The newspaper is recognized and respected by our community. The newspaper has received numerous awards, state, local and national. It is a ...
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