QUESTION
What is the grant application process for Business Improvement Districts (BIDs)?
0:33:35
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91 sec
The grant application process for Business Improvement Districts (BIDs) varies, including support on procurement and document preparation, with reimbursements given post-execution of the work.
- The application process is contingent on each BID's capacity, with personalized support provided by the city.
- Grants are reimbursable, necessitating BIDs to perform and document the scope of work before receiving funds.
- The city minimizes hurdles for smaller BIDs by potentially offering upfront funding upon identification of planned work.
- Support includes guidance through procurement processes and assistance with document preparation, where possible.
Oswald Feliz
0:33:35
And talk to us about the application process, timelines, documents needed, how length the other applications, how quickly can a bid complete these applications generally?
0:33:46
How long are these applications?
Calvin T. Brown
0:33:48
It depends on the bid, every organization, you know, the capacity that they have.
0:33:55
But my team specifically for the grants that we issued our our division.
0:33:59
We're there to support them.
0:34:01
As people know, there's a procurement process for accessing any city funds, so we walk them through what that process looks like, the documents that they need.
0:34:12
Luckily for the bids, sometimes we have some of those documents, so we try to supplement where we can and then work through, you know, other information that they may need.
Oswald Feliz
0:34:21
How fast after a completed application could bids generally expect to receive the grant?
Calvin T. Brown
0:34:29
So this our grants are reimbursable grants.
0:34:33
So part of receiving the funding, you have to execute work that is within the the scope of work.
0:34:41
And then once you provide us with that documentation, then you get reimbursed.
0:34:46
With particularly for the single district small bid grant.
0:34:50
We try to minimize some of those hurdles where we can at least up from some funding with the bids just identifying some of the work that they would execute.
0:35:02
So that way we can kick start some of the work in their commercial districts.