QUESTION
What is the available funding and maximum grant for the small BID support grant program?
0:45:05
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46 sec
The small bid support grant program has a budget of $5,300,000, and a bid can receive up to $100,000 based on their proposal’s evaluation.
- The program's total budget is $5,300,000, covering various initiatives including merchant organizing and bid formation.
- A specific part of the program, the single district grant, is directed at bids.
- A bid can receive a maximum of $100,000, dependent on the evaluation of their proposal.
- The decision on the award amount is made after evaluating the proposal's merits.
Oswald Feliz
0:45:05
How much funding is available to the small bit support grant program?
0:45:09
And what is the maximum that a bid could receive to that program?
Calvin T. Brown
0:45:13
So the maximum It was budgeted at a 5,300,000, but as I stated, there were other things that the grant funded like merchant organizing bid exploration, bid formation.
0:45:27
Now what we call the single district grant, that's when specifically to the bids.
0:45:33
And a bid could receive up to a $100,000, but it was based on their proposal.
0:45:40
And once we evaluated their proposal, then we made an a a decision on what was appropriate for the award.