Agenda Item # 11.c.
City Commission Regular Meeting
- Meeting Date:
- 02/03/2020
- Re
- Way to Grow Lincoln Park Grant Award - BGM Beauty Supply LLC
SUBJECT:
Approve grant award for Tiffany Treston, owner of BGM Beauty Supply LLC, in the amount of $10,000.00, as an eligible recipient under the Way to Grow Lincoln Park Historic Avenue D Business District Small Business Startup/Relocation Grant Program.
SUMMARY:
2018-19 CDBG allocates funds for small businesses of up to $3000. The partnership with Allegany Franciscan Ministries presented grant funding of up to $7000 for each small business in this program. Ms. Treston requested monthly rent for 2 months, reimbursement for some inventory and direct payment for other startup inventory costs. Tiffany's full application included business plan, presentation, receipts for supplies purchased, quotes for inventory, as verification for startup expenses.
RECOMMENDATION:
Approve grant award for BGM Beauty Supply LLC to cover small business startup expenses
ALTERNATIVES:
Do not approve this grant award
RESPONSIBLE STAFF:
Caleta Scott, Manager, Grants Administration Division
COORDINATED WITH:
Lincoln Park Revitalization Coordinator
Fiscal Impact
- Budgeted Y/N:
- Y
- Fiscal Year:
- 2018
- Account:
- 10390025548410
- Amount:
- 3000.00
OTHER INFORMATION:
This expenditure will be reimbursed to the City via 2018-19 CDBG funds.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 01/27/2020 10:23 AM |
| City Manager | Nick Mimms | 01/28/2020 08:50 AM |
- Form Started By:
- cscott
- Started On:
- 01/22/2020 12:32 PM
- Final Approval Date:
- 01/28/2020