Wu addressed Boston’s three municipal resiliency funds: the Boston Resiliency Fund, the Rental Assistance Fund and the Small Business Relief Fund.
The administration never responded to several requests for application information, said Arroyo, and business owners got “the cold shoulder.”Concerns have mounted nationally regarding the allocation of U.S. Small Business Administration loans.
Locally, Council President Kim Janey expressed concern for Boston’s struggling cannabis businesses, many of which have closed since the pandemic.
The cannabis industry is worth billions of dollars, but Janey said that some communities are still disproportionately impacted by the prohibition of cannabis.
Supporting an equitable cannabis industry will help revive the economy post-pandemic and close the already existing wealth gap, she added.