Place-Based Management Grants Program

The Montgomery County FY 2024 Place-Based Management Grants Program, offered by the Community Engagement Cluster and the Office of Grants Management, seeks to foster economic growth and revitalization in the County's commercial corridors. This program is aligned with the broader mission of supporting local economies through "bottom-up" economic development, emphasizing community-driven strategies. The focus on Place-Based Management, particularly through the Main Street Approach, underscores a commitment to holistic and integrated community development that leverages existing assets and local engagement. The primary target beneficiaries of this grant are businesses and residents within identified commercial corridors. The program aims to achieve several impact goals, including retaining, expanding, and attracting neighborhood-serving retail and small businesses, as well as unifying and strengthening commercial corridors through events, promotion, marketing, maintenance, and diverse stakeholder engagements. All funded activities are required to actively involve residents, businesses, and the Montgomery County Government, ensuring a collaborative and community-centric approach to revitalization. Funding priorities are given to projects that address at least three of the four points of the Main Street Approach: Economic Vitality, Design, Promotion, and Organization. Economic Vitality focuses on financial tools, property development, and supporting entrepreneurs. Design enhances the physical and visual appeal of commercial districts. Promotion positions the district as a community and economic hub, creating a positive image. Organization builds a strong foundation through partnerships, community involvement, and resource cultivation. These priorities reflect the County's strategic emphasis on comprehensive revitalization, moving beyond simple economic aid to encompass broader community and aesthetic improvements. Montgomery County Government anticipates awarding $400,000 through approximately two to five awards, with each grant ranging from $25,000 to $200,000. The grant duration is 12 months, with the possibility of renewal for up to three total years based on satisfactory performance and fund availability. Expected outcomes include enhanced economic activity, improved commercial corridor vitality, and increased stakeholder engagement, contributing to a more vibrant and sustainable local economy. Eligible expenses primarily cover operating costs such as administrative expenses, community outreach, implementation of economic development activities, and neighborhood placemaking and management, all geared towards supporting the ongoing efforts of the projects.