The Neighborhood Business District Support Grant Program was created in response to the adverse economic impacts of the COVID-19 pandemic. This proposed $2 million program will include funded activities such as capital projects, business start-up expenses, and other investments that will help neighborhood business districts stabilize and recover to build stronger communities through the development of affordable housing.
These funds will be deployed in partnership with the Cincinnati Neighborhood Business Districts United (CNBDU) organization. Aid to small businesses may include both direct support to the business, as well as support to enhance outdoor spaces for COVID-19 mitigation (e.g., restaurant patios), or to improve the built environment of the neighborhood (e.g., façade improvements).
The NBDSG program will also provide neighborhood small business support grants. The recipients of the small business grants must operate as a small business or a neighborhood non-profit organization assisting small businesses.
- The first round of applications/awards will be for infrastructure support. The range of the infrastructure support grants is between $50,000 – $200,000.
- The second round will be for small business and infrastructure support. The small business grants will be $10,000 or more. There are separate applications for both programs.
DCED has contracted with HOMEBASE (HB) for the purposes of administering the grant program, which will begin in December 2021, with HOMEBASE performing the initial application intake and review.