Great Streets Neighborhood Business District Support Grant Program
Through the Great Streets Neighborhood Business District Program (BDS), the City of Minneapolis funds activities that support the economic strength and vitality of neighborhood commercial districts. Healthy neighborhood business districts play a crucial role in the vibrancy of Minneapolis and are critical to the overall health of the local economy. Neighborhood businesses are at the core of urban living and contribute immensely to the city’s quality of life. However, many business districts in Minneapolis face competitive challenges due to macroeconomic trends in retailing: real and perceived concerns over parking availability and public safety, lack of information about local purchasing power and desired products and services, and insufficient coordination of the mix of businesses, to name a few. Each business district is unique with its own set of opportunities and challenges and requires a customized approach. When districts use multiple tools and tap a variety of resources, revitalization efforts can be successful.
Business District Support Grants fund a wide range of activities with the overarching goal of strengthening neighborhood business districts and building sustainable mechanisms for ongoing vitality and investment. Grants are awarded through an annual Request for Proposals (RFP) process to community development corporations, business associations, neighborhood organizations, and other entities that have the demonstrated capacity to perform business development work. The next RFP will be issued in January 2014.
In 2013, the Minneapolis City Council approved $397,018 to support 16 commercial district revitalization initiatives throughout the city. The organizations awarded funding are now executing their strategies through one-year, outcomes-based contracts with the City.
For more information, contact Rebecca Parrell at (612) 673-5018.
Last updated Jun. 18, 2013