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�►TTAC H M E NT B- 4 neighborhood retail, new public space and improved transit. The City is requesting a seed loan of $284,000 to facilitate the $1�500,000 revitalization. Recommended CDBG funding �284,000 Employment OpportunitieslJob Training Services ContinuationPros�rams Women Achieving New Directions (WAND), a Division of Employment Action Center. The WAN D Pmgratn h�s been serving suburban Ramsey County for several years and has mod'�'ied its progremming to better coordinate with public programming. with welfare reform, WAND is uniquely positioned to help those women who are going off TANF to gain skills, tools and confidence to upgrade from entry level jobs and to achieve self-sufficiency through career laddering. Comprehensive employment services will be provided to 16 working poor women from suburban Ramsey County. The project"s goal is to enable 60% of the low income women served by the program to increase their earned income by an average of 30% through career advancements with their current employers, or through a job change. As of February 2000, 62% of the women completing the program increased their incomes by 32% (salaries rose from an average of $15,560 to $20,600.)CDBG funds of $24,000 will contribute to the overall anticipated project cost of $60,000. Recommended CDBG funding $24,000 Ramsey County Business Loan Program. The Ramsey County Housing and Redevelopment Authority provides gap financing for new or expanding businesses primarily for purchase of capital assets: real estate or machinery and equipment. CDBG funds will be used to retain and create jobs in Ramsey County. At least five (5) full-time equivalent jobs must be created and more than half of the jobs must be available to low and moderate income workers. Due to increasingly higher costs for property acquisition and more expensive, technology-driven equipment, the maximum CDBG business loan will be increased to $300,000. Loans are typically made at 2 percent below the prime rate with terms consistent with private financing. Repayments are recycled into new loans. Ramsey County expects to receive $205,000 in program income and fees to apply to the business loan program in FY 2000. Additionally, $20,410 of unspent prior year CDBG money is available, and $303,500 of FY 2000 money is recommended. Recommended CDBG funding $528,910 CDBri and HOME 2000 4 /