The 2024 BID Formation Grants are available to place-based community-based development organizations (CBDOs) that are currently working with SBS and a formal steering committee that has completed and analyzed needs assessment survey data.
Donor Name: NYC Department of Small Business Services (SBS)
State: New York
City: New York City
Borough: Bronx, Brooklyn, Manhattan, Queens, and Staten Island
Type of Grant: Grant
Deadline: 09/11/2023
Size of the Grant: Up to $100,000
Details:
BID Formation Grants are available to place-based nonprofits that are currently working with SBS and have a formal steering committee that has completed and analyzed needs assessment survey data. Applicants may be in the planning or outreach phases of the BID Formation process.
The focus of the BID Formation Grant is to provide resources to existing formalized steering committees as they work to demonstrate the value of and deliver a successful BID proposal from planning through legislation. BID Formation Grant proposals should demonstrate the success of efforts to date to organize and deliver on critical BID Formation deliverables and propose projects that will further support the Steering Committee in planning and securing broad- based support for the BID proposal. In addition to the supporting the work of the BID Formation Steering Committee, BID Formation Grant proposals may also provide commercial revitalization services to demonstrate the impact and value of BID programs in the community and provide additional opportunities for community outreach and building broad based support. BID Formation grantees should seek to secure necessary support and begin legislation at the conclusion of funding.
Funding Information
Up to $100,000 per year per neighborhood will be awarded to grantees for the staffing, planning, and implementation of a BID formation or expansion proposal.
Grant Duration
The term of BID Exploration and Formation agreements will be from July 1, 2023 to June 30, 2024.
Example Projects/Activities
- Establish Formal Steering Committee (required within the first two months for BID Exploration grantees)
- Coordinate & facilitate Steering Committee meetings (at least monthly)
- Maintaining regular and up to date roster of Steering Committee members
- Coordinating Steering Committee activities, questions, and needs with SBS
- Notify SBS when external meetings or events/announcements are planned
- Develop procedures for press inquiries, establish e-mails, websites, and limited branding for use during BID formation
- Determine four key variables for BID proposal including boundaries, budget, services, and method of assessment
- Participation in neighborhood planning efforts
- Participation in SBS capacity building & technical assistance services.
Designated Service Areas
In proposing a targeted geography for BID Formation or BID Exploration grants, organizations are required to target specific commercial corridor(s) that fit within the parameters of the current BID Development Program grant focus.
The 2024 BID Exploration Grant Program will target the following neighborhoods:
- Existing Business Improvement Districts: expansion efforts only
- Bronx: Mott Haven and Melrose, Hunts Point and Longwood, Morrisania and Crotona, Highbridge and Concourse, Fordham and University Heights, Belmont and East Tremont, Kingsbridge, Parkchester and Soundview, Williamsbridge and Baychester, Edenwald
- Brooklyn: Bedford Stuyvesant, Crown Heights, Brighton Beach, Bushwick, East New York and Starrett City, Sunset Park, Coney Island, Flatbush and Midwood, Brownsville, East Flatbush, Flatlands and Canarsie, Sheepshead Bay
- Manhattan: Central Harlem, Chinatown & Little Italy, East Harlem, East Village, Hamilton Heights, Inwood, Lower East Side, Morningside Heights, Tribeca, Washington Heights
- Queens: Briarwood, Corona, Jamaica, Queensbridge, Jackson Heights, Elmhurst, Flushing South, Richmond Hill, Rockaway, Kew Gardens, Woodhaven, South Ozone Park, Rockaway & Broad Channel, Jamaica, Queens Village
- Staten Island: St. George, Tompkinsville, Stapleton, Port Richmond, Mariner’s Harbor.
Eligibility Criteria
Place-based CBDOs (Chambers of Commerce, local development corporations, merchants associations, and other organizations), operating within the five boroughs of New York City that are:
- Nonprofit CBDOs operating within the five boroughs of New York City that are currently coordinating, or serving as the fiscal conduit for a formal BID Formation Steering Committee
- Nonprofit organizations incorporated in New York State
- Organizations compliant with annual State and Federal filing requirements.
For more information, visit SBS.
