Brenda Hicks updates San Antonio on economic development and small business financing initiatives

May 27, 2025 | San Antonio, Bexar County, Texas


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Brenda Hicks updates San Antonio on economic development and small business financing initiatives
The Economic and Workforce Development Committee of San Antonio convened on May 27, 2025, to discuss various initiatives aimed at supporting local businesses and enhancing economic growth. The meeting focused on the progress of the Lunch SA initiative, funding opportunities for small businesses, and the strategic framework for the Department of Economic Development for the upcoming fiscal year.

The session began with a discussion on the types of financial assistance available to businesses, including grants and loans. Committee members emphasized the importance of educating entrepreneurs about these options, particularly for new businesses or those looking to expand. It was noted that while there are grants available for starting businesses, loans may be necessary for growth.

A significant point raised was the need for updated metrics on small business engagement across different districts. Members requested data on how many small business owners are interested in resources offered by the city, as well as details on the technical support provided to clients. The committee highlighted that in 2024, 90 clients received assistance, but only five grants were awarded out of a target of 20.

Further discussions included the coordination between Lunch SA and other departments to avoid duplication of efforts in business development. The committee expressed a desire for regular updates on the progress of funding connections, with a goal of reaching 50 businesses connected to financial resources by the end of the year.

Brenda Hicks, the Director of Economic Development, provided insights into the Lunch SA initiative, clarifying that it is a city-led program with a five-year contract that includes regular reviews. The collaboration between the city and various stakeholders was emphasized as crucial for fostering innovation and supporting future entrepreneurs.

The meeting concluded with an update on the strategic framework for the Department of Economic Development and the work plan for fiscal year 2025, indicating a continued commitment to enhancing economic opportunities within the community. The committee plans to maintain regular communication and updates to ensure that the goals set for business support and development are met effectively.

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    Scribe from Workplace AI
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