City of San Diego Economic Development Funding Program 2025 (California)

The Economic Development Funding Program covers economic development, tourism and small business support.

Donor Name: City of San Diego

State: California

City: San Diego

Type of Grant: Grant

Deadline:  01/19/2024

Size of the Grant: $10,000 to $100,000

Grant Duration: 1 Year

Details:

This grant program allocates Transient Occupancy Tax (TOT) revenue to promote San Diego as a business and tourism destination; and utilizes the Small Business Enhancement Program (SBEP) to supports small business efforts Citywide and in Microdistricts.

Economic Development Funding Programs are intended to support the City of San Diego’s Mission, Vision, Strategic Plan and Economic Development Strategy to foster economic prosperity throughout the City.

Goals and Objectives 

• Goal A 
  • Creates, retains and/or expands small businesses with a neighborhood-based focus, excluding Business Improvement Districts (BIDs).
    • Increase the number of neighborhood-based business
    • Increase the volume or value of goods and/or services sold by neighborhood-based business
• Goal B
  • Creates, retains and/or expands non-base-sector small businesses by offering a program to small businesses Citywide, not focusing on specific commercial neighborhoods with BIDs or Microdistricts.
    • Increase the number of non-base sector small business
    • Increase the volume or value of goods and/or services sold by non-base sector small businesses
• Goal C
  • Promotes the City of San Diego as a visitor destination, enhancing the Tourism base sector. 
    • Increase the number of City of San Diego hotel room night stays OR
    • Increase the sales tax value of goods sold by Tourism-related businesses
• Goal D
  • Enhances San Diego’s economic standing and reputation as a Smart City and a center for innovation, entrepreneurship and technology development for base sector businesses (Manufacturing and Innovation, International Trade and Logistics, or Defense). 
  • Increase the number of base-sector businesses OR
  •  Increase the volume or value of goods and/or services sold by base-sector businesses OR
  • Increase the number of patents held by local businesses OR
  • Increase the volume or value of goods and/or services exported by businesses OR
  • Increase the number of exporting (overseas or external to San Diego) businesses OR
  • Increase the value of Foreign Direct Investment (FDI) in San Diego OR
  • Increase the number of middle-income or higher income jobs in businesses assisted

Funding Information

The minimum and maximum amounts of funding that can be requested by funding source are as follows:

• TOT – Economic Development: $20,000 to $60,000
• SBEP – Citywide: $10,000 to $30,000
• SBEP – Microdistricts: $5,000 to $15,000

Project Period

The funding, if approved, will apply to proposed Program/Project budgets for FY2025, which is from July 1, 2024 through June 30, 2025.

Eligibility Criteria

• California Corporation
  • Your Organization is incorporated within the United States and is registered with the California Secretary of State;
• Nonprofit Status

Your Organization holds tax-exempt nonprofit status under Sections 501(c)(3), 501(c)(6), or 115 of the Internal Revenue Code and can also demonstrate its tax exempt status under the State of California Revenue and Taxation Code;

• History of Operations
  • Your Organization had any kind of contract with or received funding from the City in the past five years and has a three-year history of operating with its own independent governing board AND
• Service Area
  • Your Organization’s Program/Project will take place within the limits of the county of San Diego and funds will be used to only benefit City of San Diego businesses;
• Mission Alignment
  • Your project aligns with the purpose of TOT or SBEP funding in providing a program, services or benefits to City of San Diego businesses to fulfil a Goal and Objective/Outcome.

For more information, visit City of San Diego.