Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
title
Corridor Investment Grant: 2021 Program 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:
• Garcia Investments: $5,000
• Green Owl: $5,000
• Independent Order of Oddfellows: $2,500
• Just Rock (Business development): $3,670
• Just Rock (Program): $1,425
• 5132 Baltimore Avenue: $1995.20
• Gingko Group: $1,990.40
• SoHy Co-op: $2,000
• Hyattsville Aging in Place: $1,500
• Pyramid Atlantic Arts Center: $2,500
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Summary Background:
In June 2021, the City issued 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.
Grant funds are eligible to Hyattsville organizations for the following activities:
• Programming Initiatives (up to $1,500)
• Public Placemaking Projects (up to $2,500)
• Business Development Efforts (up to $5,000)
The Corridor Investment Program is funded through the City’s annual operating budget. In the FY21 budget, the City Council allotted $30,000 towards the program for the 2021 application cycle.
The City received a total of twelve (12) applications submitted by ten (10) different applicants.
Staff completed an independent review and evaluated the applications individually prior to meeting as a group. The evaluations were completed on August 19th, 2021. Staff discussed their evaluations of each application and the proposed initiatives and projects. Each application evaluated can be found attached.
Next Steps:
No additional action is required at this time.
Fiscal Impact:
Funding for this activity is included in the FY2020 City Operation Budget.
City Administrator Comments:
Recommend Approval
Community Engagement:
Corridor Investment Grant funding was an Action item within the City’s 2017-2022 Community Sustainability Plan. The City Council allocated inaugural funding in FY2020 and reallocated funding for the program in FY2022.
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
Pending