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Item 22 - Public Hearing for Five-Year Economic Development Subsidy Report THRIVE
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Item 22 - Public Hearing for Five-Year Economic Development Subsidy Report THRIVE
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2/26/2025 11:08:26 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
22
Date
3/4/2025
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P
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IV. Long-Term Goals <br />●La Colmena seeks to be self-sufficient and free from grant subsidy and <br />debt-free in 2-3 years so as to provide affordable rents to local worker- <br />owned businesses. <br />●Surplus rent revenue will be reinvested into La Colmena’s operating <br />costs. <br />●THRIVE will carry out program tracking, asset management, and <br />property management, including rent collection, maintenance requests, <br />security, and liaising with City officials. <br />●THRIVE has expressed interest to the City of Santa Ana to purchase <br />the Walnut and Daisy site. <br />●La Colmena will serve as a model project for urban farms, affordable <br />commercial spaces, and community-driven economic development <br />EXHIBIT 3
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