Mayor outlines relief proposals for local businesses

San Diego Mayor Kevin Faulconer announced a $4 million economic relief package Wednesday for struggling local businesses affected financially by the coronavirus pandemic.

The city will work with local financial institutions to establish a relief fund, which will support zero-interest micro-loans for affected businesses, Faulconer said during an afternoon news conference at City Hall.

Faulconer said the relief fund would be kickstarted by money from the city’s business revolving loan fund, and that he expected the fund to grow from the initial $4 million.

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