February 22, 2024

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City of Charlotte accepting apps for Business enterprise District Matching Grant Plan

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CHARLOTTE, N.C. (April 19, 2021) – The Metropolis of Charlotte on Monday introduced that &#13
company districts in Charlotte may possibly now implement for a grant by the city’s Business District Firm Grant Method. The deadline to apply is Monday, Could 17.

The Business enterprise District Business Method (BDOP) is a matching, reimbursement grant system that supports the do the job of small business corporations serving focused business enterprise districts. The metropolis will provide up to $30,000 in reimbursed matching resources for each year to skilled small business district companies for qualified expenses, the place the metropolis reimburses two-thirds (66.6{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3}) of resources lifted and invested for eligible bills by the business.

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About the Plan

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Empowering enterprise districts to develop beneficial adjustments that profit the unique requirements and problems of the regions in which they are situated is an crucial part of a healthy urban enterprise district. When enterprises collaborate on initiatives and find remedies that positively effects not only their distinctive districts, but also the surrounding residential parts, the total health of our city is strengthened.

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How it Performs

  1. &#13
    Use for an once-a-year BDOP grant by May possibly 17 at 11:59 p.m. ET.

  2. Submit a workplan and price range for pre-approval for the impending fiscal calendar year (July 2021 as a result of June 2022) that details eligible plan exercise and expenses.

  3. After the workplan is permitted, the group enters into a grant deal with the city for the fiscal yr.

  4. Carry out the suitable activities and systems all through the 12 months.

  5. At the finish of the 12 months, submit an once-a-year workplan report and an invoice for reimbursement of 66.6{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of eligible expenditures, up to $30,000.

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Eligible costs should be pre-approved and consist of:

  • Working or administrative bills, bookkeeping/ accounting expenses, specialist advisor charges, advertising and marketing costs, administrative expenses and ongoing running charges.

  • Advertising, marketing and branding things to do

  • Distinctive situations. Bills for alcoholic beverages are not eligible.

  • Salaries, or other compensation, of board members are not suitable.

  • Cash awarded less than this method may possibly not be utilized as matching resources required less than the city’s Neighborhood Matching Grants Software inBusiness Matching Grant System.

  • Money may not be employed for political lobbying or endorsements.

  • All costs must be provided in the yearly operate plan for acceptance. Any substantive changes in the annual do the job plan must be preapproved by the metropolis in advance of expenditures are incurred.

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Qualified business businesses ought to:

  • Provide a single of the city’s Targeted Enterprise Districts as defined by the Company Corridor Revitalization Geography.

  • Have documented or pending 501(c)(3) or 501(c)(6) not-for-profit designation. Municipal Support Districts are not eligible.

  • Have a least of 10 district enterprise associates.

  • Organization boards ought to have a minimum amount of 50{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} representation by businesses situated in the district.

  • Hold monthly membership or government conferences and exhibit on-heading energetic participation through meeting attendance, etcetera.

Business districts with issues about the system can call Erin Gillespie at &#13
704.432.2948 or by e-mail at &#13
[email protected].

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