The McKinney Community Development Corporation is excited to announce the 2025 Promotional & Community Grants.
Donor Name: McKinney Community Development Corporation
State: Texas
City: McKinney
Type of Grant: Grant
Deadline: 11/29/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Promotional and Community Event Grants provide financial support (not to exceed $15,000 per grant) for initiatives, activities and events that:
- showcase McKinney to promote tourism and/or develop new or expanded business opportunities; and
- enhance the quality of life for McKinney residents.
Application Evaluation
McKinney Community Development Corporation board members will consider the following information when evaluating applications:
- Application was completed in full.
- Availability of FY 25 grant funds.
- Eligibility under state law.
- Applicant’s funding history.
- Alignment with MCDC mission and strategic priorities.
- Alignment with City of McKinney strategic priorities.
- Evidence of public and private financial support in addition to grant request submitted to MCDC.
- Potential to achieve Project / Retail Development Infrastructure / Promotional / Community Event goals.
- Potential positive impact on McKinney.
- Potential for significant return on investment.
- Applicant’s sustainability, including but not limited to healthy finances, sound business plan, strong mission and programs, proven results and stable staff.
Application Review
McKinney Community Development Corporation is responsible for reviewing and voting on applications for funding projects and initiatives in accordance with state law. The board consists of seven members, appointed by the McKinney City Council. The Application Review Process is outlined below.
- Completed applications must be submitted to MCDC via email or on a thumb drive in accordance with the 2025 grant schedule.
- Applications may be reviewed by MCDC legal counsel to determine if the request for funds is eligible under state law.
- Once eligibility for consideration is confirmed, applicants will be notified and placed on the meeting agenda to make a presentation to the board. Following each presentation, board members will have an opportunity to ask questions of the applicant. Please note: This is a formal presentation and time limits may be imposed.
- A public hearing, with notice of the application and request for funding for Project and Retail Development Infrastructure grant applications, will be published and posted in accordance with the requirements of the Open Meetings Act and the Texas Local Government Code. The application along with all documents/attachments included will become public information once submitted to MCDC.
- Board members will evaluate applications and presentations and prepare to take action on the request at a future MCDC board meeting. Please refer to the Grants Calendar for the schedule.
- Applications may be referred to a board subcommittee for additional research and evaluation.
- When action is scheduled, the board members may approve, partially approve, table or reject an application by a majority vote of the board.
- Funds awarded for approved applications are expended on a reimbursement basis.
- The final 20% of the award may be withheld until a final report is submitted and compliance with all requirements of the performance agreement is confirmed.
For more information, visit MCDC.
