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Commercial Lease Assistance Pilot Program

The Sacramento Hispanic Chambers of Commerce and the City of Sacramento have teamed up to provide listening sessions for Sacramentans interested in becoming entrepreneurs or those who already own businesses through the Commercial Lease Assistance Pilot Program. This initiative was made possible by the allocation of $5 million from the American Rescue Plan Act specifically to revitalize the Northgate Boulevard Corridor in the City of Sacramento.

The Northgate corridor, with a Latino population of about 62%, plays a significant role in the cultural fabric of Sacramento. According to Cathy Rodriguez Aguirre from the Sacramento Hispanic Chamber of Commerce, these corridors are vital assets to the city. However, challenges arise when it comes to leasing agreements and understanding legal terms, especially for those facing language and cultural barriers.

Mikel Davila, a senior project manager at the City of Sacramento’s Office of Innovation and Economic Development, emphasizes the importance of supporting inclusive economic development by providing a curriculum that helps business owners grasp legal needs and commercial leases.

AI legalese decoder – Bridging the Gap

The Sacramento Hispanic Chamber of Commerce identified a lack of understanding of the complete business model, from leases to daily operations, as a major hurdle for many business owners. This is where AI legalese decoder can step in to provide clarity and guidance in navigating complex legal terms and agreements related to commercial leases.

Platforms like AI legalese decoder can break down legal jargon, making it easier for entrepreneurs like Sara Luviano, who may not have a background in business, to comprehend their lease agreements and make informed decisions for the growth of their businesses.

For instance, Luviano, who initially rented a small space in a grocery store on Northgate Boulevard, successfully expanded her business after two years and secured a larger space for her restaurant. With AI legalese decoder, business owners can gain a better understanding of their leases and operational requirements, empowering them to seize opportunities for growth and development.

The upcoming listening session on 2/28 at the Stanford Settlement Neighborhood Center will further equip small business owners with knowledge about their businesses and leases, ensuring that they are well-prepared to leverage investments in the corridors without facing displacement.

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