BID Exploration Grants are available to either citywide or place-based nonprofits that are currently working with local stakeholders interested in BID Formation who have not yet completed a Needs Assessment Survey.
Donor Name: NYC Department of Small Business Services
State: New York
City: New York City
Type of Grant: Grant
Deadline: 08/08/2022
Size of the Grant: Up to $20,000
Grant Duration: 1 Year
Details:
The program focus of the BID Exploration Grant is to provide strategic funding to support the establishment of a formal steering committee & stakeholder database and to demonstrate the value of and help catalyze local stakeholders to assist and support a formal BID Formation effort. BID Exploration activities should be designed to proactively identify key influential stakeholders to serve on a steering committee, provide input on needs assessment outreach, and gather early support for potential BID formation. All BID Exploration grantees should seek to establish a formal steering committee, a working database of property ownership and business information, a needs assessment survey, and one or two commercial revitalization activities at the conclusion of funding.
BID Exploration grantees will work in a cohort-based model with technical assistance provided by SBS to undertake and complete a variety of BID Formation pre- and early-stage planning tasks in preparation for a formal Formation effort
Funding Information
- $20,000 per year per neighborhood will be awarded to grantees for initial funding of BID exploration.
Eligibility Criteria
Applicants must be:
- Incorporated nonprofit entities that operate in New York City
- Compliant with annual State and Federal filing requirements that are pertinent to their type of organization, including New York State Charities Bureau filings.
- For BID Exploration Grants – currently coordinating, hosting, or serving as the fiscal conduit for stakeholders interested in BID Formation
For more information, visit NYC Small Business Services.
