City of Daly City Small Business Commission Regular Meeting - 10/8/26

The City of Daly City Small Business Commission’s regular meeting on October 8, 2026, included approval of the July 9 meeting minutes and a presentation by Project Equity on broad-based employee ownership as a business succession option. The presenter described employee ownership models, eligibility and readiness considerations, and Project Equity’s exploration, feasibility, transition, and post-transition support. Feasibility studies typically cost $8,000–$12,000 on a sliding scale; these were Project Equity service costs, not a City expenditure or proposed contract. The presentation also described its grant-supported funding and cited subsidies offered by another city as an example, but Daly City made no funding or purchasing decision.

Commissioners discussed referring local businesses to Project Equity. The Commission indicated it would contact the business community by email to assess interest in a broader workshop and potentially work with Project Equity if there is demand. No procurement activity, contract award, or spending motion was identified.