Matter SCC-128563

Approve Inventory Item No. 62 to provide a grant to Latino Business Foundation Silicon Valley in the amount of $15,000 relating to supporting economic development initiatives and educational workshops for local entrepreneurs, and refer item for final consideration and approval on June 18, 2026. (Lee)

Labor & Employment Board of Supervisors

2 Documents on file 778 KB · 2 extracted · 2 AI summaries

File: SCC-128563
Type: Unknown
Status: Unknown
Requester: Unknown
Introduced: Unknown
Last synced: 15 Jul 2026 · 02:59

The papers

2 documents · 778 KB

01 140 KB

Fiscal/Budget Item Printout

140 KB Extracted AI Summary

file Unknown sha 13a8480e20ed source Open source document ↗

Generated summary AI-assisted

This document outlines a recommendation from Supervisor Otto Lee to the Board of Supervisors regarding a grant to the Latino Business Foundation Silicon Valley (LBFSV). The proposed grant of $15,000 aims to support economic development initiatives and educational workshops for local entrepreneurs. The recommendation includes a referral for final consideration and approval on June 18, 2026. The grant is intended for use in programming that benefits small businesses through various forms of outreach and assistance during the 2026-2027 fiscal year.

Key points

Recommendation to approve a grant of $15,000 to Latino Business Foundation Silicon Valley.
The grant supports economic development initiatives and educational workshops for local entrepreneurs.
Final consideration and approval of the item is scheduled for June 18, 2026.
The grant must be used for programming open to participants of all backgrounds.
County staff will execute a contract amendment and distribute funds following approval.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 1,582 chars

County of Santa Clara Board of Supervisors Supervisorial District Three Supervisor Otto Lee 128563 DATE: May 13, 2026 TO: Board of Supervisors FROM: Otto Lee, President SUBJECT: Budget Inventory Item No. 62 - Latino Business Foundation Silicon Valley (LBFSV) RECOMMENDED ACTION Approve Inventory Item No. 62 to provide a grant to Latino Business Foundation Silicon Valley in the amount of $15,000 relating to supporting economic development initiatives and educational workshops for local entrepreneurs, and refer item for final consideration and approval on June 18, 2026. (Lee) FISCAL IMPLICATIONS There is a one-time cost of $15,000. REASONS FOR RECOMMENDATION The grant may only be used by the Latino Business Foundation Silicon Valley to deliver programming for small businesses and economic development initiatives through workshops, webinars, targeted outreach, and technical assistance through the 2026-2027 fiscal year. Latino Business Foundation Silicon Valley (LBFSV) was founded in 2019 by entrepreneurs for local entrepreneurs to educate, advocate, and expand economic opportunity. Positions, programs, services, and/or events funded by this grant must be open to eligible...

02 638 KB

Cover Sheet - Latino Business Foundation Silicon Valley

638 KB Extracted AI Summary

file Unknown sha e3f67466e18b source Open source document ↗

Generated summary AI-assisted

This document is a cover sheet for a funding request by the Latino Business Foundation Silicon Valley to the County of Santa Clara Board of Supervisors. The foundation is requesting funding for small business stabilization and economic resilience initiatives, with a program duration from July to June 2027. The foundation has previously received funding from the county and has current contracts with various county entities. It affirms compliance with funding terms and indicates that partial funding would still be beneficial.

Key points

Entity requesting funding: Latino Business Foundation Silicon Valley
Funding requested: $25,000
Type of entity: Nonprofit
Geographical reach: Countywide
Program duration: July - June 2027
Previous funding received: URGJENT Grants in 2021, 2022, and 2023, and other grants totaling $205,000
Current contracts with First 5 Santa Clara County and others totaling $110,000
Affirms compliance with funding terms and ability to use partial funding

Limitations

Funding amount requested appears to be incorrectly formatted and unclear.
Dates for previous funding and contracts are not fully specified.
Some sections contain unresolved placeholders.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 4,222 chars

County of Santa Clara Board of Supervisors Budget Inventory Item Cover Sheet Entity or Individual(s) requesting funding: Latino Business Foundation Silicon Valley Amount of funding requested:_1,,,,,1$-2_5_,0_0_0 _ _ _ _ _ _ _ _- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___. Type ofEntity/lndividual(s):0 [Z] Nonprofit Entity Governmental Entity D For-Profit Entity D Other:!....._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __. Note: Nonprofit and for-profit entities must provide current Certificate ofStatus from Secretary ofState showing good standing to receive funding. Does Entity/Individual have a Fiscal Sponsor?[Z] No D Yes (please identify): A Fiscal Sponsor is a nonprofit that is taking on responsibility for accepting and/or disbursing funds on behalf ofthe grantee or sponsored entity. Note: Fiscal Sponsors are available !!fl!J!.for new initiatives or projects that have not yet incorporated, or for individuals. Nonprofits that are not in good standing with the California Secretary of State, and for-profit entities, may not use a fiscal sponsor. Geographical reach of program or activities to be funded: Or specific district(s) (check all that apply): [ZJ Countywide D District 1 O District 2 [Z]...