Home Departments Economic Development Business Resources Strategic Economic Investment Project STRATEGIC ECONOMIC INVESTMENT PROGRAM Strategic Economic Investment Program ("SEIP") On February 15, 2022, the City Council approved the Strategic Economic Investment Program (“SEIP”). The SEIP assigns $8,303,350 in economic support funds to three business types: restaurants, hotels, and other impacted industries. The City Council’s intent in approving the SEIP is to help local businesses offset the economic damage caused by COVID-19 and related disruptions. The budget assignments for each business category and described below. EIP Spending Summary – Economic Support Restaurant Recovery & Assistance $3,803,350 Hotel Recovery & Assistance $2,500,000 Other Impacted Industries $2,000,000 Total: $8,303,350 Over the next several months, the City will work to develop programs that provide economic support to businesses in each of the three categories. On June 21, 2022, the City Council approved a contract with a consultant to help the City develop programs that match the genuine needs of Lake Forest businesses. After the completion of a thorough outreach process to the business community, the consultant will propose economic support programs to the City Council for consideration. For regular updates on SEIP, subscribe to the Lake Forest Economic Development monthly newsletter or follow us on social media. Quick Links Registration Regulations Newsletter Social Media BUSINESS RESOURCES Bids Opportunities Business Resource Guides Business Tools Lake Forest Chamber of Commerce Digital Business Packet How to Do Business With the City Lake Forest Jobs Regulations & Permits Resources and Incentives Strategic Economic Investment Project 10 Step Guide to Starting a Business (PDF) South Orange County Entrepreneurs Academy Coronavirus (COVID-19) Updates and Resources COVID-19 Relief Small Business Grant Program 2022 Business Survey