Fiscal Note
The proposed resolution approves the Business District Support Program. The Common Council authorized $300,000 in funding for the program in 2021 through RES-21-00487 (File ID 65935, MUNIS 13981). No additional City appropriation is required.
Title
Approving the Business District Support Program, authorizing Economic Development staff to manage the program, and authorizing the Mayor and City Clerk to sign grant agreements with the selected organizations and/or their fiscal sponsors.
Body
WHEREAS, on July 6, 2021, The Common Council adopted RES-21-00487, accepting and allocating American Rescue Plan Act, State and Local Fiscal Recovery Funds for the City of Madison; and,
WHEREAS, within that adopted resolution, $300,000 was approved to support a Neighborhood Business District Support Program; and,
WHEREAS, on July 20, 2021, The Council accepted the “report on the criteria and processes for allocating American Rescue Plan Act (ARPA) funding appropriated in the 2021 budget” provided in Legislative File #66453; and,
WHEREAS, within that report (on page 16), the context and use of the ARPA funding for the Neighborhood Business District Support Program is outlined; and,
WHEREAS, COVID-19 has and will still have a devastating impact on small businesses and our local business organizations and neighborhood business districts that support these small businesses; and,
WHEREAS, many of these organizations went above and beyond to help our community and businesses during the pandemic by assisting the community with immediate needs, helping small businesses access financial support, taking steps to educate, and assisting businesses in reopening; and,
WHEREAS, the Business District Support Program will help these organization continue their important work by building their capacity to assist small businesses as they recover from the pandemic; and,
WHEREAS, it is also our goal to help support organizations run by or serving historically disadvantage ind...
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