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Freeman Family Foundation Grant Program

$20,000
Closed
VA
Grant Description

The City of Bakersfield is offering competitive grants for property and/or business owners within designated Downtown business district corridors: 18th, 19th streets and Wall Street Alley (between F and Q streets), and H Street and Chester Avenue (between 24th Street and Truxtun Avenue). The grants are specifically intended for large-scale exterior façade improvements to eligible properties and applicants within these areas. This initiative is funded by $1.5 million in American Rescue Plan Act (ARPA) funding, demonstrating a commitment to local economic recovery and revitalization. While the prompt asks for "foundation mission alignment," the context indicates this is a city-led grant, and its mission is aligned with urban development and supporting local businesses impacted by economic downturns. The target beneficiaries for this program include small businesses (defined as having no more than 500 employees), non-profit organizations (tax-exempt under Section 501(c)(3)), and businesses within "impacted industries." Impacted industries are those that experienced a negative economic impact during the pandemic, specifically citing tourism, travel, and hospitality. Other industries are considered impacted if they experienced at least 8 percent employment loss from pre-pandemic levels or comparable economic impacts. The impact goal is to stimulate economic recovery and enhance the aesthetic and functional appeal of the downtown business corridors, thereby fostering a more vibrant and attractive commercial environment. The program's priorities and focuses are clearly on exterior façade improvements. The City anticipates awarding funding to 4-6 projects, with individual grants ranging from $10,000 to $100,000. For awarded funding of $100,000 and over, a 10% private investment match is required, along with a public hearing before the City Council. This matching requirement encourages community investment and shared responsibility in the revitalization efforts. The grant duration is two years, providing a reasonable timeframe for project completion. Expected outcomes include visible improvements to the downtown business districts, increased private investment in the local economy, and support for businesses and non-profits that have been economically impacted. The measurable results are tied to the number of projects funded (4-6 anticipated), the total amount of ARPA funding allocated ($1.5 million), and the specific improvements made to property exteriors. The strategic priority here is the revitalization of key downtown commercial areas, using ARPA funds to mitigate the economic effects of the pandemic and promote long-term community resilience and growth. The theory of change posits that by investing in exterior improvements and supporting local businesses, the City can create a more appealing and economically robust downtown core, attracting more visitors and fostering greater community engagement.

Funding Details

Award Range

$5,000 - $20,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Nonprofits

Geographic Eligibility

All

Key Dates

Application Opens

May 3, 2024

Application Closes

May 31, 2024

Contact Information

Grantor

Freeman Family Foundation

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