[00:00:03]
I WOULD LIKE TO CALL THE ECONOMIC DEVELOPMENT COMMISSION REGARDING LOAN SUBCOMMITTEE MEETING TO ORDER FOR FEBRUARY 4TH, 2026.
MADAM CLERK, PLEASE CALL ROE COMMISSIONER MATOYA.
COMMISSIONER LUNCH HERE WE HAVE QUO FOR THE RECORD.
COMMISSIONER SANDOVAL IS EXCUSED FROM THE MEETING.
ARE THERE ANY OBJECTIONS FROM THE COMMISSION? NO.
MADAM CLERK, PLEASE READ THE FIRST ITEM OF THE AGENDA.
ITEM ONE IS A RECOMMENDATION TO APPROVE THE MINUTES FOR THE ECONOMIC DEVELOPMENT COMMISSION REVOLVING LOAN SUBCOMMITTEE MEETING OF WEDNESDAY, DECEMBER 3RD, 2025.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SO SECOND, IT HAS BEEN MOVED.
AND SECOND BY COMMISSIONER, UH, WASH AND COMMISSIONER, UM, NATOYA.
ARE THERE ANY, UM, MADAM CLERK, PLEASE CALL FOR THE, OH, I'M SORRY.
UH UH, SO FOR THE RECORD, THERE IS NO ONE FROM THE PUBLIC FOR PUBLIC COMMENT.
UH, PLEASE, UH, READ THE NEXT ITEM.
ITEM TWO IS A RECOMMENDATION TO APPROVE THE REVOLVING LOAN APPLICATION AND THE AMOUNT OF $99,000 FOR ASHKIN NAIMI.
DBA ASH DENTAL STUDIO, LOCATED AT 9 3 0 PACIFIC AVENUE, LONG BEACH, CALIFORNIA 9 0 8 1 3.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED.
IT HAS BEEN MOVED AND SECONDED BY COMMISSIONER WASHINGTON.
UM, WE HAVE OUR PARTNER FROM GIRL AMERICA, UH, ANDRE MARTIN MARTINEZ, WHO WILL, UH, PRESENT ON THE LOAN INFORMATION.
[00:29:25]
UM,[00:29:26]
WE[00:29:26]
WILL[00:29:26]
NOT[00:29:27]
TAKE PUBLIC COMMENT.ANYONE WHO WOULD LIKE TO SPEAK, PLEASE STAND.
THERE ARE NO MEMBERS OF THE PUBLIC OR PUBLIC COMMENT.
NOT MADAM CLERK, PLEASE CALL FOR VOTE.
UH, MADAM CLERK, PLEASE LEAVE THE NEXT ITEM.
ITEM THREE, RECOMMENDATION TO APPROVE THE REVOLVING LOAN APPLICATION IN THE AMOUNT OF $35,000.
[00:30:01]
GIL GUDO UNA.D-B-A-B-T-T-R-A TAX AND ACCOUNTING COMPANY LOCATED AT 5 3 6 0 LONG BEACH BOULEVARD, LONG BEACH, CALIFORNIA, 9 0 8 0 5.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED.
IT HAS BEEN MOVED AND SECONDED BY COMMISSIONER WATCH AND COMMISSIONER TOYA.
SO WE WILL NOT BE PRESENTING THIS LOAN TODAY.
WE WILL BE GOING BACK TO THE BUSINESS OWNER AND HAVING DISCUSSIONS WITH HIM AND WE WILL BE PRESENTING IT IN THE FUTURE.
I WAS WONDERING WHY WE DIDN'T HAVE IT.
NOT SO PART ITEM THREE WILL BE WITHDRAWN.
DO YOU NEED, DOES THAT NEED A, A MOTION OR ANYTHING OR ARE WE GOOD? UH, WE'RE FINE.
MADAM CLERK, PLEASE READ THE NEXT ITEM I FOUR.
RECOMMENDATION TO APPROVE THE REVOLVING LOAN APPLICATION IN THE AMOUNT OF $50,000 FOR AV AND MONKEY L-L-C-D-B-A BOWS VEGAN KITCHEN, LOCATED AT 2 6 5 0 EAST BROADWAY, LONG BEACH, CALIFORNIA 9 0 8 0 3.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SECOND, I MOVE IN.
SECONDED BY COMMISSIONER WATCH AND COMMISSIONER MAORI.
AND THEN I WILL PASS IT OVER TO OUR, UM, PARTNER FROM GROW AMERICA, UH, MARTINEZ.
UH, ANDREA MARTINEZ, WHO WILL PRESENT ON THE LOAN INFORMATION.
[00:50:24]
UM,[00:50:25]
WE[00:50:25]
WILL[00:50:25]
NOW TAKE PUBLIC COMMENT.ANYONE WOULD LIKE TO SPEAK? PLEASE STAND.
THERE ARE NO MEMBERS OF THE PUBLIC FOR PUBLIC COMMENT.
CLERK, PLEASE CALL FOR THE VOTE.
UM, MADAM CLERK, COULD YOU PLEASE, UH, CALL THE NEXT ITEM
UM, AT THIS TIME WE WILL TAKE NON, UH, AGENDA, PUBLIC COMMENT.
THERE ARE NO MEMBERS OF THE PUBLIC FOR A PUBLIC COMMENT.
ARE THERE ANY ANNOUNCEMENTS FROM COMMISSIONERS? NO.
WHAT WAS THE ANNOUNCEMENT? YEAH, WHAT, WHAT WAS CARLY GONNA SAY? SOMETHING PLAN.
DONE WITH THIS THING, AND I DON'T EVEN REMEMBER WHAT THE UPDATE IS.
WE ARE REALLY CLOSE TO THE PATH OF GETTING ANOTHER GRANT THOUGH.
OH, THAT, I THINK THAT'S WHAT IT WAS.
YEAH, WE SUBMITTED, WE SUBMITTED OUR APP BACK AT THE END OF 2024 AND WE THOUGHT WE WERE GONNA GET FUNDED IN EARLY FIVE.
THAT'S WHEN EVERYTHING WENT WELL HAYWIRE.
WE HAD TO AMEND A NUMBER OF THINGS IN OUR APPLICATION THAT HAD TO DO WITH SUSTAINABILITY.
GOT AND, UH, EQUITY AND THINGS LIKE THAT.
ALL THE WORDS THAT WERE ON THE NAUGHTY LIST WE HAD TO TAKE OUT OF OUR APPLICATION.
ALSO, EDAI KNOW THIS WILD TIME, SO WE'RE LIVING IN, THERE WAS A WHOLE, THERE USED TO BE THIS DIFFERENT, UM, UH, PRIORITY LIST YEAH.
FOR EDA AND THE SAME PRIORITY LIST.
SO WE HAD TO HAVE AND EQUITY AND UM, UM, SUSTAINABILITY AND SOME ENVIRONMENTAL SUPPORT IN THE OLD STUFF.
SO THAT WAS OUR APP AND WE HAD TO TAKE ALL THAT OUT AND PUT SOME OF THE NEW STUFF IN THE APP.
IT WASN'T A HUGE THING, BUT WE DID HAVE TO REDO SOME STUFF.
THERE'S BACK AND FORTH ON THE BUDGET.
AND THEN ONE OF THE LAST THINGS IS YOU HAVE TO SUBMIT YOUR PLAN WITHIN 90 DAYS OF LIKE GETTING THE FUNDING OR THE APPROVAL STILL.
I THINK WE HAVE CONDITIONAL APPROVAL ANYWAYS.
THE PLAN IS ONE OF THE LAST THINGS WE, IT IS MOVING.
WE DID GET FEEDBACK FROM OUR EDA REP THAT, BECAUSE THEY HAVE THE SAME, THAT LIKE A INVESTMENT COMMITTEE THAT REVIEWS ALL THE GRANT APP APPLICATIONS.
AND SO WE GOT FEEDBACK FROM THEM.
THAT WAS THE FIRST ROUND WAS THAT YOU HAD TO CLEAN UP OUR APP AND TAKE ALL THIS STUFF OUT AND WE GOT SOME OTHER FEEDBACK AND WE ANSWERED THAT.
SO I'M PRETTY SURE THEY ARE STILL AWARDING THE 750 K OKAY, GREAT.
UM, AND THIS ADMIN PLAN WILL BE FOR THE OLD FUND AND THE NEW FUNDS.
AND THAT'S THE, THAT'S WHAT I'M MM-HMM
WHERE, AND MAN, WE'VE BEEN WAITING FOR A YEAR AND A HALF TO GET, IT'S CHANGED A LOT DURING THIS.
A LOT MEMORIAL, BUT APPARENTLY OUR REP SAYS WERE STILL IN THERE AND HE GOT US IN.
BECAUSE THIS WAS A 2023 MIL THAT WE RESPONDED TO AND IT STILL OPENED TECHNICALLY, BUT THEN THEY CAME OUT WITH A NEW ONE.
WE'LL TRY TO REPORT ON THAT NEXT TIME THOUGH.
IF THERE IS NO OBJECTION, I DECLARE THE MEETING ADJOURNED.