Policy Order O-4

WHEREAS: The City of Cambridge has a vested interest in the continued business development of its squares, regions that should reflect the vitality and diverse needs of its populace; and

WHEREAS: Residents have expressed concern that with the increasing number of banks in Cambridge's Squares, and that continuing in that same direction could make the Squares less responsive to our citizen's needs with less room for local and small business entrepreneurs to move in and flourish; now therefore be it

ORDERED: That the City Manager be and hereby is requested to confer with Community Development Department and report back to the Economic Development, Training and Employment Committee on the feasibility of instituting a moratorium on particular industries, such as banks, that are already well represented in the city's squares.