Lakewood's Urban Enterprise Zone program uses annual grant money to offer business loans and grants to certified UEZ businesses as well as numerous other business encouragement incentives such as business-to-business networking events.
Lakewood Development Corporation (which administers the Lakewood UEZ) Executive Director David Klein on Tuesday announced that for FY '25, the Lakewood UEZ will receive a cut of $300,000 from last year's grant award.
The reason for this grant award cut is because retail purchasing in Lakewood is down substantially, with Home Depot seeing a $1.2 million dip in sales from last year, and our top 30 retailers experiencing a $1 million cut in sales from last year, Mr. Klein explained.
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2 comments:
Is this data public?
what was the total spend?
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