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**New Bill to Provide $2 Million in Relief to Small Businesses Impacted by APEC Summit**

A new bill introduced in San FranciscoÔÇÖs city council could give a total of $2 million to small businesses negatively impacted by the Asia-Pacific Economic Cooperation (APEC) summit in November. The bill, introduced by Supervisor Connie Chan, aims to specifically provide relief funds to small businesses in the SoMa neighborhood, where the summit caused disruptions and decreased economic activity. This financial boost could greatly help these businesses recover from the losses incurred during the summit.

The summit, which led to the blocking off of streets and the creation of a secure zone near the Moscone Convention Center, had a significant impact on downtown businesses. Many of these businesses were adversely affected during the summit, and they expressed relief once the event concluded. “I’m so happy it’s over. We fully stocked the store for three weeks and we’re still sitting on a lot of stuff so I hope after they leave we can get some business back in the city,” said Celine Nasser-Elddin, a business owner in the area.

The proposed bill, supported by Supervisor Aaron Peskin, also aims to address the wider economic impact of the summit. Peskin, who represents the Chinatown neighborhood, highlighted the significant financial investment made for APEC and emphasized the need to mitigate the negative consequences. In addition to the relief funds, the bill also includes a proposal to allocate $250,000 for free public transportation with the goal of encouraging more people to visit Chinatown during Lunar New Year, further stimulating the local economy.

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