TITLE
Recommendation to authorize the City Manager, or designee, to execute all documents necessary to enter into contracts, including any necessary subsequent amendments, in an aggregate total amount not to exceed $1,200,000 with organizations that contract with the City of Long Beach to manage Business Improvement Districts to deliver programs funded by the Long Beach Recovery Act Business Improvement District Grant Program. (Citywide)
DISCUSSION
Long Beach Recovery Act
On March 16, 2021, the City Council adopted the Long Beach Recovery Act (LB Recovery Act) becoming one of the first major cities to approve COVID-19 recovery programs made possible through the federal American Rescue Plan Act (ARPA) and other federal and State funding sources. Additional adjustments to the LB Recovery Act were made as part of the Adopted Fiscal Year (FY) 2022 Budget and periodic adjustments will be brought to the City Council as needed. Additional information about the LB Recovery Act is available at longbeach.gov/recovery. As part of the Long Beach Recovery Act, under the category of Economic Recovery, approximately $1.58 million was allocated for the Business Improvement District (BID) Grant program to address financial hardship that has been created by COVID-19.
Long Beach Recovery Act BID Grant Program
The LB Recovery Act, as updated and approved by the City Council on March 8, 2022, includes funding for the Business Improvement District (BID) Grant Program to enable associations that manage BIDs (BID Associations) to continue delivering services that help businesses recover from the financial hardship caused by COVID-19, and generate consumer spending to advance local economic recovery across the City. BID Associations have been instrumental in supporting businesses impacted by the COVID-19 pandemic (pandemic) by connecting them to business resources and information, marketing business districts, promoting businesses, and more.
The LB Recovery Act BID Grant Progr...
Click here for full text