City of San Juan EDC Meeting, March 03, 2026

The City of San Juan Economic Development Corporation (EDC) held a regular meeting on March 3, 2026, focusing on several procurement and funding-related matters. The board approved a $1,000 platinum sponsorship for the inaugural Keep Beautiful Pi Dash 5K event, aimed at community beautification and engagement. Additionally, the EDC approved small business grants for local businesses including Designer Space Nails and Lashes and MR Foam Insulation, supporting signage and business improvements. A significant discussion centered on a proposed partnership with LiftFund to implement an interest buy-down program to provide 0% interest loans to small businesses, with a potential $50,000 allocation to subsidize interest costs. The board tabled this item for further review and requested more information, including a list of potential loan recipients. The meeting also included approval of previous meeting minutes and executive session actions related to economic development negotiations and personnel matters, with motions passed to authorize negotiations and appointments as discussed in closed session.