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Special HCHA meeting November 15, 2019 <br /> tourism downturns, that's across the state actually, but more focused in Pdhoa <br /> to Volcano to Hilo and then you can even see it in our more touristy sections of <br /> the island like Kona. I know that there was loans and grants and programs but as <br /> I went down to talk to the people who would come to give presentations on <br /> what's available for us the focus was more on the employee in the business and <br /> making sure that the employees were covered than the business owners and a <br /> loan doesn't do a lot for a business, it's helpful, but it just creates a debt. So the <br /> grants look beautiful and we all want grants but how do business that are still in <br /> the process of recovery or are not existing anymore, how do we take <br /> advantage of CDBG-[D]R... <br /> O'Neil: Business assistance is an eligible expense. It's one of the more <br /> complicated ways to spend money but it is eligible. <br /> Kanealii-Kleinfelder: Sorry the...what was it? <br /> O'Neil: It's a more complicated way but it is eligible for DR assistance and <br /> depending...more there's limitations on what you spend it for. They <br /> often...its...its...and operating...operating fund...l'm drawing a blank on the <br /> name but...operating reserve sort of thing...cash flow fund, you really don't <br /> want to spend it on construction typically...they don't want to spend it <br /> on...businesses don't want to spend it on construction cause of all the <br /> additional requirements for construction, environmental reviews, and whatnot <br /> that have to happen so most people spend it for that operating reserve sort of <br /> thing. But it's eligible. People...grantees have spent money on that in the past. <br /> Kanealii-Kleinfelder: and...oh, sorry, your going to have to (in audible) the mic <br /> and speak a little bit louder... <br /> O'Neil: Okay. Yeah it is...it is...it has happened. It is eligible. <br /> Kanealii-Kleinfelder: So business are eligible for these funds and how would they <br /> go about... <br /> O'Neil: No the...the County needs to decide who their spending the money. We <br /> don't decide. So the County puts it in there action plan, if you guys want to <br /> have a program to assist local businesses, you would develop a program to <br /> assist local businesses. You would, y'all, work out all the details how you're going <br /> to do it, but it's possible. Grantees have done it. <br /> Kanealii-Kleinfelder: and that's...that's and okayed...cause I saw it in the back, <br /> it is an okayed use?... <br /> O'Neil: Ummmmhmmm, yeah. <br /> Page 25 of 31 <br />