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Form 1099-K California Alameda: What You Should Know

For more information contact the City's Economic Development  Division at. Alameda Economic Development Division is a City Agency. Its purpose is to administer the Alameda City Ordinance that established the  Alameda Economic Development Division. Under the Ordinance, the Bureau of Industrial and Economic Development can  make grants for private industrial business development and construction, and to provide grants to the Alameda  Business Development Investment Fund. It is the Bureau's responsibility to approve all proposals for economic development financing. BUREAU OF INDEPENDENT ADVISORY COUNSEL Finance Committee: Business Planning and Development Finance Board: Economic Development Board: Community Development Board: County Board Finance Committee: County-City Taxation Department: Business & Housing Division FISCAL POLICY — BUREAU OF INDEPENDENT ADVISORY COUNSEL In general the Board will work with the Alameda County Economic Development Division to secure the necessary loan(s) to develop capital projects. The Board, with the participation of the County Board and the public, may establish a fee to cover the cost of the grant(s), which could be an annual tax. The County Board will maintain a comprehensive list of projects and requests a list of projects that meet the eligibility criteria to be funded by the County's Business & Housing Development Investment Fund. Funding will be made available for the establishment of businesses, housing, small businesses and community businesses. The total amount of available funds to be used for these purposes to: • provide funds for the investment of equipment and property • create employment opportunities • purchase a minimum of eight (8) affordable housing units • provide funding for the purchase of equipment and property (for small businesses and community businesses) The Board will also administer the County's Small Business Development Program, and it is the Board's function to make decisions through the use of public funds to provide capital to businesses in need. The county board will maintain a comprehensive list of small businesses and community businesses and request a list of projects that meet the eligibility criteria to be funded by the county's business & housing development investment fund. Once a project is identified and funded within these parameters, the County Board will make a recommendation to the Alameda County Economic Development Board, who will make a decision regarding whether the project is approved and funded.

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