That the Regional Municipality of Waterloo:
(i) Approve a one time contribution up to $250,000 from the Strategic Investments for Business Supports Fund for a new Microloan program for small business in Waterloo Region as outlined in report PDL-ECD-22-011, dated December 6, 2022, and,
(ii) Authorize the Commissioner, Planning, Development and Legislative Services to execute agreements with the Government of Canada in respect of funding received from the Community Economic Development and Diversification fund, and with Wellington-Waterloo Community Futures Development Corporation (WWCFDC) and Waterloo Region Small Business Centre (WRSBEC) for the implementation of the new Microloan Program, as outlined in report PDL-ECD-22-011, dated December 6, 2022, and on terms and conditions satisfactory to the Regional Solicitor.