5. Should a Forgivable Loan be awarded by the Cocoa City Council, the Small Business shall execute

Diamond Square Community Redevelopment Agency Meeting · 2026-04-20 · agenda_item

This item concerns a potential forgivable loan program to be awarded by the Cocoa City Council. If approved, a small business would need to sign program agreements, possibly including a security agreement for equipment or inventory funded by the city. After agreements are signed, the business could request reimbursements for approved expenses up to the loan amount. This item is currently under review. The work would involve businesses acquiring equipment and inventory, and then managing reimbursement requests. This early stage presents an opportunity for local contractors, suppliers, and service providers to understand the program's requirements and potentially offer services or goods that align with the funded expenses. Reaching out now could provide an advantage before specific equipment or inventory needs are finalized.