Metro - File #: 2022-0858

• File #: 2022-0858
• Type: Program
• Status: Passed
• File created: 12/15/2022
• In control: Construction Committee
• On agenda: 4/20/2023
• Final action: 4/27/2023
• Title: CONSIDER: A. RECEIVING AND FILING the Pilot Business Interruption Fund (BIF) Assessment; B. AUTHORIZING the Chief Executive Officer to expand the Pilot Business Interruption Fund (BIF) to the East San Fernando Valley Light Rail Transit Project; and C. APPROVING the Pilot Business Interruption Fund (BIF) program modifications (Attachment D).
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Alignment, Ara Najarian, Board approved a Motion, Board approved Contract, Budgeting, Business Interruption Fund, Business Solution Center, Construction, Construction Support, Contractors, Crenshaw/LAX Transit Corridor Project, East San Fernando Valley Light Rail Project, Financial analysis, Grant Aid, Guidelines, Jacquelyn Dupont-Walker, Karen Bass, Kathryn Barger, Light rail transit, Lindsey Horvath, Little Tokyo, Los Angeles International Airport, Metro Rail A Line, Metro Rail C Line, Metro Rail E Line, Metro Rail K Line, Metro Rail L Line, Metro Vision 2028 Plan, Mitigation, Motion / Motion Response, Paul Krekorian, Pilot studies, Program, Program Management, Progressive Design/Build, Project, Purchasing, Rail transit, Regional Connector Transit Corridor Project, Research management, San Fernando, San Fernando Valley Service Sector, San Fernando Valley subregion, Strategic planning, Street closure, Transit boards, Twenty-eight by '28 Initiative, Van Nuys, Westside/Central Service Sector
• Related files: 2023-0131

Date	Action By	Action	Result
4/27/2023	Board of Directors - Regular Board Meeting

Meeting_Body
CONSTRUCTION COMMITTEE
APRIL 20, 2023

Subject
SUBJECT: BUSINESS INTERRUPTION FUND


Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. RECEIVING AND FILING the Pilot Business Interruption Fund (BIF) Assessment;

B. AUTHORIZING the Chief Executive Officer to expand the Pilot Business Interruption Fund (BIF) to the East San Fernando Valley Light Rail Transit Project; and

C. APPROVING the Pilot Business Interruption Fund (BIF) program modifications (Attachment D).

Issue
ISSUE

At its February 2023 meeting, the Board approved Motion 32 by Directors Krekorian, Najarian, Horvath, Barger, Bass, and Dupont-Walker (Attachment A) that directs staff to assess the Pilot Business Interruption Fund (BIF) and report back with recommendations for how the BIF could be applied to address local business impacts created by the construction of the East San Fernando Valley Light Rail Project.

In accordance with the Board's Motion, this report provides an assessment of the Pilot Business Interruption Fund, along with lessons learned for improvement and an analysis for the expansion of the BIF to the East San Fernando Valley Light Rail Project (ESFV).

Background
BACKGROUND

Metro is an essential component of the economic infrastructure of Los Angeles County as it connects people to jobs, services, and businesses. Transit rail construction can mean growth opportunities for cities; however, transit construction also can be challenging for small "mom and pop" businesses located along transit corridors, given the multi-year construction periods.
Recognizing the importance of supporting small businesses during construction as vital to ensure the economic sustainability of communities, at its October 2014 meeting, the Board approved Motion 57 by Directors Molina, Dupont-Walker, Ridley-Thomas, and Garcetti (Attachment B) that authorized the CEO to establish the Pilot Business Interruption Fund (BIF) for small "mom and pop" busine...