Item Coversheet

CITY OF RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS
AGENDA ITEM SUMMARY

Meeting Date: 10/13/2021 
Agenda Category:
Subject: SMALL BUSINESS INCUBATOR PROGRAM 
Recommendation/Motion: APPROVAL 
Originating Dept NEIGHBORHOOD SERVICES   Costs  
User Dept. Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 
THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY (RBCRA) RECOGNIZES THAT SMALL BUSINESSES ARE THE BACKBONE OF OUR LOCAL ECONOMY. AS WE EMBARK UPON NEW AND EXPANDED ECONOMIC DEVELOPMENT OPPORTUNITIES HERE IN THE CITY OF RIVIERA BEACH, WE NEED TO ENSURE THAT WE HAVE EXCELLENT SMALL BUSINESS SUPPORT FOR INCENTIVES, CAPACITY BUILDING, TRAINING, AND REMOVAL OF BARRIERS TO GROWTH. THIS APPROACH ENCOMPASSES RECOGNITION OF THE IMPORTANT COMPONENT THAT ENTREPRENEURS PLAY IN ATTRACTING REVITALIZATION PROJECTS AND INVESTMENT TO OUR NEIGHBORHOODS. ADDITIONALLY, OUR SMALL BUSINESSES SUFFERED SUBSTANTIAL FINANCIAL LOSS DUE TO THE ADVERSE ECONOMIC IMPACTS CAUSED BY THE COVID-19 PANDEMIC. IN RESPONSE TO ALL OF THESE IMPACTS ON OUR LOCAL BUSINESSES AND THE CITY OF RIVIERA BEACH'S ECONOMY, TO ALLEVIATE THE SPREAD OF SLUM AND BLIGHT, AND TO PROTECT THE CAPITAL IMPROVEMENTS IN THE COMMUNITY REINVESTMENT AREA, THE RBCRA HAS CREATED THE RBCRA SMALL BUSINESS INCUBATOR PROGRAM – IRIVIERABEACH (“IRIVIERABEACH"). THE PROGRAM IS INTENDED TO PROVIDE CAPACITY BUILDING, IN-WALL SPACE, “POP UP” OPPORTUNITIES, MENTORSHIP, INCENTIVES, LEVERAGE, AND FINANCIAL SOFT LOANS AND GRANTS, AS WELL AS RENT SUBSIDIES, WITHIN THE RBCRA AREA. POTENTIALLY, THIS PROGRAM CAN BE EXPANDED TO COVER THE ENTIRE CITY. 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
MEMO-_SMALL_BUSINESS_INCUBATOR_PROGRAM.pdfMEMO- SMALL BUSINESS INCUBATOR PROGRAM 10/6/2021Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved10/6/2021 - 5:21 PM
CRA Internal ReviewEvans, ScottApproved10/6/2021 - 5:25 PM