City Commission Regular Meeting


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  Agenda Item # 11.c.       
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
Grant Agreement
Application & Supporting Documents

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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: Caleta Scott Started On: 01/22/2020 12:32 PM
Final Approval Date: 01/28/2020

    

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