DOWNTOWN MADISON IMPACT SURVEY
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MADISON’S CENTRAL BUSINESS IMPROVEMENT DISTRICT EMERGENCY FUND
Boys & Girls Clubs of Dane County, Michael Johnson, Madison365 and Paulo Delgado organized a GoFundMe fundraiser to support local businesses after the property damage experienced on May 29, 2020.
The MADISON’S CENTRAL BUSINESS IMPROVEMENT DISTRICT EMERGENCY FUND is designed to provide a one-time financial stipend to downtown business owners unable to immediately recover from property damage due to rioting. Boys & Girls Clubs of Dane County in partnership with the Business Improvement District (BID) will manage the distribution of the funds to assist businesses to rebuild downtown Madison. This fund may be distributed in two-phases. Phase 2 that could cover business loses, may be considered if all funds are not distributed in Phase 1.
Through the generosity of hundreds of individuals, phase 1 of the fund will be available to address:
• Materials and insurance costs to businesses that sustained damage due to the events of May 29 and after.
APPLICATIONS
Applications will be available Tuesday, June 16, 2020 on the Boys & Girls Clubs of Dane County website, the BGCDC Facebook Page, Business Improvement District website, BID Facebook page and will be shared via email with businesses located in the downtown Madison Business District.
The deadline for completed applications is Tuesday, June 23, 2020 at 5:00 pm. Incomplete applications will not be accepted.
APPLICATION TIMELINE
Tuesday, June 16 Application shared with the community
Tuesday, June 23 Deadline for online application
Thursday, June 25 Review applications
Friday, June 26 Award Announcement by Selection Committee
Tuesday, June 30 Award Check Disbursements
Tuesday, July 30 Fund Report Due Comments of Appreciation
WHO CAN APPLY?
Any business located in Madison’s Central Business Improvement District may apply.
See a map of the BID here.
Our goal is to get the funds into the hands of business owners with property damage as a result of the events that took place on May 29th or thereafter.
One-time stipends in the range of $0 to $7,500 will be awarded.
WHO SELECTS THE AWARDEES?
The Selection Committee consist of an interdisciplinary group of representatives from different racial, ethnic, socio-economic groups, professions, and backgrounds. The process has been designed to invite all downtown businesses the opportunity to apply for and be awarded funds. We have been deliberate in taking steps to ensure we address the institutional, implicit and explicit biases that inhibit smaller and minority organizations from participating in these types of grant opportunity.
EVAUATION PROCESS
Boys & Girls Clubs of Dane County MADISON’S CENTRAL BUSINESS IMPROVEMENT DISTRICT EMERGENCY FUND Application will be completed online.
Applications will be copied, scanned, downloaded, and emailed for review and forwarded to the selection committee on Wednesday, June 24 to individually review and score the applications.
The Selection Committee will meet via Zoom at 11am on Thursday, June 25 to make final award decisions.
Applications will be judged against a rubric measuring the funding request, amount requested and number of applicants.
Applications with the highest ratings will be approved by the Selection Committee and awarded the grant funds.
All applicants will be notified of their funding status prior to our announcement of the funded businesses.
DISBURSMENT
Approved applicants will receive their grant distribution through the Business Improvement District.
Approved applicants will need a valid form of identification and sign the award acceptance letter. Two copies of the Award Acceptance Letter will be signed and the awardee will take one. BGCDC will retain a copy.
REPORTING
Comments of appreciation will be shared with the community by August 30, 2020.
The report will highlight the results of the Boys & Girls Clubs of Dane County MADISON’S CENTRAL BUSINESS IMPROVEMENT DISTRICT EMERGENCY FUND and the impact we have as a community when we work together.
APPLY
Click this link to complete the form.
MADISON’S CENTRAL BUSINESS IMPROVEMENT DISTRICT EMERGENCY FUND
QUESTIONS
Tiffany Kenney
Executive Director
tkenney@visitdowntownmadison.com
FAQ
As we get questions we will post them with replies below.