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You are here: Home / Grant Size / $50,000 to $500,000 / Grant to assist Business Corridors with ‘Placed-Based Management’ of Economic Development, Tourism and Revitalization (Maryland)

Grant to assist Business Corridors with ‘Placed-Based Management’ of Economic Development, Tourism and Revitalization (Maryland)

Dated: January 20, 2023

The Montgomery County Office of Grants Management and the Community Engagement Cluster (CEC) soliciting grant applications for the County’s FY 2023 Place Based Management (PBM) Grants Program from qualified organizations providing direct services that support economic growth and revitalization strategies and services across the County’s urban corridors.

Donor Name: Montgomery County Government

State: Maryland

County: Montgomery County (MD)

Type of Grant: Grant

Deadline: 02/16/2023

Size of the Grant: $25,000-$500,000

Grant Duration: 1 year

Details:

The Place-Based Management grant’s success will be evaluated by dollars reinvested, buildings rehabilitated, net gain in jobs and net gain in businesses. There is a preference for nonprofit organizations with a history of equity, diversity and inclusion in their programming background.

The focus of the grant program is to provide Place Based Management strategies and activities by developing programs and services aligned with the Main Street Approach developed by the National Main Street Center.

Specifically, applicants will work to:

  • Assist business districts and commercial areas with the retention, expansion, and attraction of neighborhood-serving retail stores and other small businesses; and

The approach consists of four points which work together to build a sustainable and complete community revitalization effort in the following areas:

  • Organization of commercial revitalization efforts (e.g., developing and sustaining financial and volunteer resources);
  • Promotion of neighborhood commercial districts (e.g., branding campaigns and special events) and individual businesses operating therein;
  • Designs affecting the physical environment of the commercial District (e.g., clean teams and streetscape improvements) and the appearance of business storefronts and interiors;
  • Economic vitality including business retention, recruitment, and expansion.
  • maintenance, and diverse stakeholder engagements.

Priority in awarding funding will be given to applicants that demonstrate:

  • Broad-based community support for the commercial district revitalization process, with strong support from both the public and private sectors;
  • Well defined vision and mission statements relevant to community conditions, equity principles, and the local Main Street program’s organizational stage;
  • A comprehensive project implementation plan, including a stakeholder engagement plan;
  • An adequate operating budget to support immediate implementation with indication towards future sustainability funding;
  • An operational board;
  • UPDATED: A comprehensive project implementation plan, including plans for engaging stakeholders and coordinating efforts with the County; and
  • Committees staffed by volunteers that align with the Main Street Four Point Approach.

Funding Information

  • Award sizes will vary, with a minimum award of $25,000 and a maximum award of $500,000. The grants will be awarded for up to a one year. Programs must be implemented and be evaluated during this period.

Target Population

The target populations for this grant are businesses, visitors, and residents within and surrounding the area (central business district, economic corridor) described in each program.

Eligibility Criteria

Applicants must meet all of the following conditions:

  • The organization may be a Federal 501(c)(3) tax-exempt status organization or provide evidence of fiscal agent relationship with a 501(c)(3) organization;
  • The organization’s principal place of business must be located in Montgomery County; if a national or regional organization, it must have a location in Montgomery County through which it provides related services;
  • The organization must provide services or needs that fall under at least three of the four points of the Main Street Approach;
  • The organization must be currently registered in good standing with the Maryland State Department of Assessments and Taxation (SDAT);
  • All services and programming to receive funds must be provided in Montgomery County; and
  • Current Montgomery County contract or grant award winners must be current on all reporting obligations for other awards and those reports must reflect substantial progress towards the goals of their grant agreement(s). Proposed programs must be for a new service(s), expansion of existing services, or a combination of both. County funding cannot be used to supplant other funding for already planned services.

For more information, visit Place Based Management (PBM) Grants Program.

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