Funding Allocation

1 article

Summit City street scene with a visual metaphor for stalled small business growth, highlighting economic challenges.

Summit City's Small Business Fund Misses the Mark for Micro-Enterprises

Summit City's $5 million small business fund failed to reach micro-enterprises, with only 15% allocated to businesses with fewer than five employees, according to a City Auditor's report. The strategy favored established companies, missing opportunities for nascent growth.

Eleanor Hayes·June 7, 2026