Chair Thomas-Henry outlines grant uses, caps, and reimbursements under Intro 799-A
Grants could fund district marketing, public art, creative lighting, or direct reimbursement to small retail businesses in the affected area. Total grants to a BID or CBO would be capped at $100,000, with direct reimbursements up to $10,000 per business, based on the number of businesses and scope of services.
These grants could be used to provide services to businesses in the qualifying construction project area, such as district marketing, public art, or creative lighting.
The grants may also be used to provide direct reimbursement to small retail businesses within the affected area.
The total amount of grants given to a bid or CBO cannot exceed $100,000, and the grant amount must be determined by factoring in the amount of small retail businesses
within the affected area and the scope of services that the organization intends to provide.
Direct reimbursements to businesses could not exceed more than $10,000 per business.