CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL
COUNCIL BILL NO. R-18-82 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Pe?a
RESOLUTION
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Directing The Economic Development Department To Collaborate With The City Council Office And Other Local And State Government Agencies To Convene A Micro-Enterprise Development Fair (Pe?a)
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DIRECTING THE ECONOMIC DEVELOPMENT DEPARTMENT TO COLLABORATE WITH THE CITY COUNCIL OFFICE AND OTHER LOCAL AND STATE GOVERNMENT AGENCIES TO CONVENE A MICRO-ENTERPRISE DEVELOPMENT FAIR.
WHEREAS, the Council finds that it is difficult to create regulatory, business, and built environments that provide equitable access to engaging in formal commerce for low-income individuals; and
WHEREAS, in regulatory, business, and built environments that make it difficult for low-income individuals to access the mainstream labor market or establish their own business as a means of earning an income, many of these individuals end up participating in the informal economy; and
WHEREAS, although there is a need for the informal economy to provide a safety net for low-income individuals who cannot find employment or establish their own business, cities that do not take measures to support these individuals sometimes end up expending more local funding towards ensuring their public safety and well-being while also missing the opportunity to accrue revenue from business registration and solicitation permitting; and
WHEREAS, one opportunity for low-income individuals to find a point-of-entry into the market place, start generating some income of their own, and contribute to the City of Albuquerque's tax base is to start their own micro-enterprise; and
WHEREAS, micro-enterprises often operate on sidewalks and other public spaces in ways that activate vacant, underutilized, underperforming commercial districts, provide more "eyes on the street" to supporting surrounding businesses, and create business...
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