Authorize a contract for managing revolving funds for matching crowdfunded small business loans for Austin Economic Development with Kiva Microfunds, for an initial term of three years with up to four one-year extension options in an amount not to exceed $432,000. Funding: $432,000 is available in the Operating Budget of Austin Economic Development.

Staff Report & Agenda Item Details

Authorize a contract for managing revolving funds for matching crowdfunded small business loans for Austin Economic Development with Kiva Microfunds, for an initial term of three years with up to four one-year extension options in an amount not to exceed $432,000. Funding: $432,000 is available in the Operating Budget of Austin Economic Development.