The Austin City Council approved the Save Austin’s Vital Economic Sectors or “SAVES” Resolution late last night. The resolution (item 62 here) calls for the city manager to investigate a wide variety of funding sources that could contribute to financially supporting local music venues, art venues, restaurants, bars, and child care centers as the economic fallout from the pandemic continues.
Acknowledging the need for creative ideas, there were many funding ideas proposed. Detailed plans regarding those proposals will be investigated by the city manager and presented at the September 29th work session for voting at the October 1st council meeting. While funding is not immediately available, this is an important step towards more financial support from the city for Austin’s struggling service industry.
Imminent and generous state and federal funding are still needed to ensure the recovery of these and other hard hit industries in Austin.
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Global pandemic or not, AIBA works tirelessly to support and advocate for Austin’s local business community. Reach out to us via email at hello@ibuyaustin.com.