APPROVAL OF COMMERCIAL GRANT INCENTIVE PROGRAM APPLICATIONS FROM ROUND III, FOR A TOTAL OF $84,000.00 TO ASSIST LOCAL BUSINESSES AND IMPROVE THE PROPERTIES LOCATED IN THE RBCRA DISTRICT

IN MARCH 2018, THE BOARD APPROVED SIX COMMERCIAL GRANT APPLICANTS FOR A TOTAL OF $167,293.81.  ORIGINALLY, $350,000, WAS ALLOCATED FOR ROUND I OF THE PROGRAM.  ON FEBRUARY 6, 2019, THE BOARD APPROVED ROUND II OF THE PROGRAM TO ACCEPT APPLICATIONS FOR THE REMAINING $182,706.19 NOT PREVIOUSLY ALLOCATED IN ROUND I.  IN AUGUST 2019, THE BOARD PROVIDED APPROVED THE SEVEN APPLICANTS IN ROUND II. ON SEPTEMBER 25, 2019, THE BOARD APPROVED THE FY2019/2020 BUDGET IN WHICH THE COMMERCIAL GRANT INCENTIVE PROGRAM WAS APPROVED FOR $250,000.00. IN OCTOBER 2019, THE BOARD APPROVED ROUND III OF THE PROGRAM TO ACCEPT APPLICATIONS. ON JANUARY 30, 2020, THE AGENCY CLOSED ACCEPTANCE OF SUBMISSIONS FROM LOCAL BUSINESS OWNERS. IN MARCH 2020, THE STAFF COMPLETED THE REVIEW PROCESS AND SCORING FOR EACH SUBMITTAL. APRIL 22, 2020, THE BOARD APPROVED THE HIGHEST RANKED GRANTEE AND REQUESTED INVESTIGATION ON THE PROPERTY OF THE REMAINING THREE APPLICANTS.