Submitted by: Jeff Ulysse
Submitting Department: Community Business & Economic Development
Agenda Section: Consent
Item Title:
title
2024 Corridor Investment Program Grant Awards
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Suggested Action:
recommendation
I move that the Mayor and Council accept the recommendations of City staff and approve Corridor Investment Program grant funding awards for the following entities, pending approval of funding:
* Anacostia Trails Heritage Area - $1,500
* Art 'N Hair - $1,500
* Art Works Studio School Inc. dba Art Works Now - $5,000
* Creative Saints Loft - $1,500
* Ferris Custom Cabinetry - $1,584
* Gremlins Tattoo Lounge - $5,000
* Hyattsville Volunteer Fire Department - $5,000
* Life Of Gains - $5,000
* Maryland Meadworks - $1,500
* Better Education L.L.C. (Mathnasium of Hyattsville)- $5,000
* Robert Harper Books LLC, dba My Dead Aunt's Books- $1,440
* Pyramid Atlantic- $1,500
* Ramona's Pizza Garden - $5,000
* Rooted and Polished - $5,000
* Triple Line Studio - $649.06
* Yes! Organic Market - $2,400
* Yes! Organic Market - $5,000.
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Summary Background:
In September 2024, the City initiated its annual application cycle for the Corridor Investment Program, which provides a funding opportunity for Hyattsville private and non-profit organizations with creative placemaking projects, programming initiatives, and business development strategies. Applicants are eligible to receive a grant of up to 80% of the total cost of their eligible project or program, with the applicant providing a minimum match of 20% of the overall project cost. The City's CIP Program has three (3) main award categories:
Programming Grant (up to $1,500)
Public Placemaking Grant (up to $2,500)
Business Development Grant (up to $5,000)
In September 2024, the application and program guidelines were posted to the City website. Announcements were also made in the Business e-newsletter, Hyattsville Reporter, social media, and flyers. The City received numerous inquiries and a total of thirty-t...
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