Resolution 2024-33179 RESOLUTION NO. 20 2 4 3 3 1 7 9
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE
FINANCE AND ECONOMIC RESILIENCY COMMITTEE,AT ITS JUNE 28,2024,
MEETING; AUTHORIZING A SMALL BUSINESS GRANT PROGRAM FOR
BUSINESSES IN AUGUST AND SEPTEMBER 2025, SUBJECT TO BUDGET
APPROVAL AND APPROPRIATION BY THE CITY COMMISSION IN AN
AMOUNT NOT TO EXCEED $100,000; AND FURTHER AUTHORIZING THE
CITY MANAGER AND CITY CLERK TO PREPARE, NEGOTIATE AND
EXECUTE AGREEMENTS,, SUBJECT TO APPROVAL BY THE CITY
ATTORNEY, IN CONNECTION WITH THE PROGRAM.
WHEREAS, on December 13, 2023, Vice-Mayor Kristen Rosen Gonzalez referred to the
Finance and Economic Resilience Committee (FERC), a discussion regarding the development •
of a small business grant fund for restaurants, with some of the funding coming from the Greater
Miami Convention &Visitors Bureau (GMCVB)and the City matching these funds; and
WHEREAS, as indicated in the attached referral memo, the intent of this small business
grant is to stimulate business development by providing a one-time subsidy of$10,000 exclusively
to restaurants in Miami Beach during the slow months of August and September(low period); and
WHEREAS, Vice-Mayor Kristen Rosen Gonzalez suggested that Miami Beach has
become hyper-seasonal in a way that has not been witnessed before and would like to offer
funding for small businesses when revenues are likely to be low; and
WHEREAS, small businesses play a vital role in the economy, contributing to job creation
and economic growth and these businesses often face significant financial challenges that can
hinder their progress and long-term viability; and
WHEREAS, other grant programs have proven to be an effective source of financial relief
for small businesses as they do not have to be repaid and may be used for a wide range of
purposes,.from covering administrative costs and business expenses to funding special projects
and beautifying the exterior of a storefront; and
WHEREAS, the City has successfully administered three (3) small business grant
programs over the last three(3)years to neutralize the direct and indirect impact of the pandemic
and recovering economy; and
WHEREAS, on June 28, 2024, the Finance and Economic Resiliency Committee
("FERC") meeting discussed how the City's small business community continues to experience
challenges, with some businesses closing and/or seeking other locations in cities with lower
commercial rents, and that a small business grant program presents an opportunity to support
and service the small business community with practical and attainable access to capital to bridge
a short-term financial gap; and
WHEREAS, at the June 28, 2024, FERC meeting, FERC recommended a $100,000
budget, to create a small business grant program and provide $5,000 grants to eligible small
businesses to help offset the economic impact of the slower tourism/hospitality season; and
WHEREAS, the small business grant program eligibility criteria would include:
• Maintains and operates a commercial space located in Miami Beach with an active
Business Tax Receipt(BTR)for at least two(2)years;
• Registered as an active entity with the Florida Division of Corporations;
• No affiliation with a national chain business or franchise;
•• In"good standing"with the City of Miami Beach and Miami-Dade County including but not
limited to an active City of Miami Beach Business Tax Receipt (BTR) and Miami-Dade
County Local Business Tax Receipt; No outstanding federal, state, and local taxes or
outstanding debt to the City of Miami Beach; and
• Revenue/Annual Sales limit as evidenced by recent business tax filings; and
WHEREAS,the grant program funds will provide financial assistance,on a reimbursement
basis,for the some, or all, of the following expenses:
• Monthly utility bills such as:
o FPL
o Internet
o Electricity
o Water
• Professional Services such as:
o. Payroll
o Marketing/advertising
o Technology
• Rent/Lease/Mortgage expenses
• Hard costs such as:
o Repairs and/or replacement of equipment
NOW, THEREFORE, BE .IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City hereby
accept the recommendation of the Finance and Economic Resiliency Committee, at its June 28,
2024, meeting; authorize a Small Business Grant program for businesses in August and
September 2025, subject to budget approval and appropriation by the City Commission in an
amount not to exceed$100,000;and further authorize the City Manager and City Clerk to prepare,
negotiate and execute agreements, subject to approval by the City Attorney, in connection with
the program. PASSED and ADOPTED this ay day of //
, 2024
ATTEST:
Steven Meiner, Mayor
SEP 0 9 2024
Rafael A. Gra ado, City Clerk
APPROVED AS TO
FORM & LANGUAGE
?'f`•i•,,, & FOR EXECUTION
Y�•• ' ZI2ozF
INLORPrOPATED = City ttorney mil Date
Resolutions -C7 G
MIAMI BEACH _
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Rickelle Williams, Interim City Manager
DATE: July 24, 2024
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE
FINANCE AND ECONOMIC RESILIENCY COMMITTEE AT ITS JUNE 28, 2024
MEETING, APPROVING AND AUTHORIZING A SMALL BUSINESS GRANT
PROGRAM FOR BUSINESSES IN AUGUST AND SEPTEMBER 2025, SUBJECT
TO BUDGET APPROPRIATION OF AN AMOUNT NOT TO EXCEED $100,000;
AND FURTHER AUTHORIZING THE CITY MANAGER AND CITY CLERK TO
EXECUTE AGREEMENTS IN CONNECTION WITH THE PROGRAM.
RECOMMENDATION
The Administration recommends that the Mayor and City Commission (City Commission) adopt
the resolution.
BACKGROUND/HISTORY
During the December 13, 2023, City Commission meeting, Vice-Mayor Kristen Rosen Gonzalez
referred to the Finance and Economic Resilience Committee (FERC), a discussion (Item C4 X)
regarding developing a small business grant fund for restaurants,with some of the funding coming
from the Greater Miami Convention & Visitors Bureau (GMCVB) and the City matching these
funds.
As indicated in the attached referral memo, the intent of this small business grant would be to
stimulate business development by providing a one-time subsidy of $10,000 exclusively to
restaurants in Miami Beach during the slow months of August and September (low period). Vice-
Mayor Kristen Rosen Gonzalez suggested that Miami Beach has become hyper-seasonal in a
way that has not been witnessed before and would like to offer funding for these businesses when
business is likely to be slow.
During the City Commission meeting,Commissioner Alex Fernandez recommended, and the City
Commission agreed, that the Administration should explore not limiting the grants to restaurants
and to include other businesses including, but not limited to, retailers, salons, and hospitality-
focused retail stores.
During the June 28, 2024 Finance and Economic Resiliency Committee (FERC), the committee
discussed and reviewed the pilot program.
ANALYSIS
Following COVID-19 era spikes, year over year, Resort Tax and hotel occupancy data suggest a
cooling period and moderate decline in tourism activity. According to the Miami Beach Visitor and
Convention Authority (MBVCA), hotel occupancy rates for the week ending September 9, 2023,
were at 57.5%, a 12.8% decrease from the 70.3% occupancy rate for the week ending July 29,
2023. The hotel occupancy rate for Miami Beach during August 2023 was 65.4%, presenting a
Page 562 of 1750
3.4% decrease from August 2022.
Small businesses play a vital role in the economy, contributing to job creation and economic
growth. However,these businesses often face significant financial challenges that can hinder their
progress and long-term viability. Grants have proven to be an effective source of financial relief
for small businesses as they do not have to be repaid and may be used for a wide range of
purposes, from covering administrative costs and business expenses to funding special projects
and beautifying the exterior of a storefront. Miami Beach has successfully administered three (3)
small business grants over the last three (3)years to neutralize the direct and indirect impact of
the pandemic and recovering economy.
The first grant the Economic Development Department administered during the COVID-19
pandemic was the City of Miami Beach Restaurant Reimbursement Grant. This grant program
provided eligible restaurants with up to$1,000 in reimbursement for expenses incurred by delivery
service apps such as UberEATS, Grubhub, DoorDash, and Postmates between March 12, 2020
and October 31, 2020, per the emergency declaration enacted by the City Manager.This program
was able to assist twenty-eight (28)total restaurants, twenty-five (25) of which are still operating
in Miami Beach.
On May 13, 2020, through Resolution No. 2020-31256, the Small Business COVID-19 Relief
Program (Round 1)was approved by the Commission and funded via Community Development
Block Grant-Coronavirus (CDBG-CV). The CDBG-CV funding was appropriated by the U.S.
Department of Housing and Urban Development (HUD) to the City of Miami Beach through the
Office of Housing and Community Services and allocated to the Economic Development
Department by way of a Memorandum of Understanding(MOU)as a subrecipient for this purpose.
The City Commission allocated$200,000 in funding, of which$140,000 was disbursed to fourteen
(14) qualified Miami Beach small businesses, at $10,000 per business, during the initial launch.
For purposes of the grant, a small business was classified as a business with 10 employees or
less. On October 28, 2020, the City Commission approved Resolution No. 2020-31471, which
provided an additional $600,000 in grant funding to thirty (30) eligible small businesses through
the Emergency Small Business Reimbursement Grant Program (Round 2). The remaining
$60,000 in unexpended funds from Round 1 was later reallocated to the Emergency Small
Business Reimbursement Grant'Program (Round 2) for a total of $660,000 to thirty-three (33)
eligible businesses.
The CDBG-CV-funded grants required job creation or retention for a low-to-moderate income
Miami Beach resident for a twelve-month period.Thirty-one(31)businesses that received CDBG-
CV funding were able to either create and/or retain a position for a qualified low-income Miami
Beach resident.
Miami-Dade County has also provided,on a recurring basis, small business grant programs, such
as the Mom-and-Pop Small Business Grant Program in Districts 4 and 5, spanning Miami Beach.
In.Fiscal Year(FY)2023 this program provided up to$5,000 to eligible businesses. In FY 2023,
$10,000 was awarded, collectively, to five (5) Miami Beach businesses out of approximately
$87,000 allocated for District 4. For FY 2022,$22,500 was awarded to nine(9)Miami Beach small
businesses out of$80,308 for District 4. Note that District 4 is inclusive of municipalities outside
of Miami Beach.
In review of the City's CDBG-CV funded grant, there is a demonstrated need to make funding
available for a broad range of industries, as only nine (9)of the forty-seven (47)total businesses
that received funding were restaurants. In conversations by Economic Development staff with
small business owners citywide, the primary use for financial assistance in low tourism months
would be for rental assistance. The feedback received revealed that as commercial rent prices
continue to increase, businesses are struggling to balance and survive low periods. The
availability of meaningful financial assistance during this low period can significantly impact the
viability of a business for the rest of the calendar year. Grant assistance could allow businesses
Page 563 of 1750
to maintain Miami Beach residents as employees as well.
Miami Beach's small business community continues to experience challenges with some
businesses closing and/or seeking out locations in cities with lower commercial rents. However,
a small business grant program presents an opportunity to support and service the small business
community with practical and attainable access to capital to bridge a short-term financial gap.
At its June 28,2024 meeting,the FERC recommended that the Administration create a pilot Miami
Beach Bridge Grant Program with a $100,000 budget. The program would provide $5,000 grants
to eligible small businesses to help offset the economic impact of the slower tourism/hospitality
season. Note that City funding for this proposed grant has not yet been identified, allocated or
budgeted, however, at the July 12, 2024 FERC Budget Workshop, funding for the grant was
favorably recommended by the Administration and the Committee as part of the Fiscal Year 2025
Budget process. The GMCVB has not committed to offering funding for this purpose but has
indicated willingness to potentially provide support in the form of waivers (or the like) to allow
participation, by restaurants, in the Miami Spice restaurant promotional program.
Eligibility criteria could include:
• Maintains and operates a commercial space located in Miami Beach, with an
active Business Tax Receipt(BTR)for at least two (2)years
• Registered as an active entity with the Florida Division of Corporations
• No affiliation with a national chain business or franchise
• In "good standing"with the City of Miami Beach and Miami-Dade County including but
not limited to an active City of Miami Beach Business Tax Receipt (BTR)and Miami-
Dade County Local Business Tax Receipt; No outstanding federal, state, and local taxes
or outstanding debt to the City of Miami Beach
• Revenue/Annual Sales limit as evidenced by recent business tax filings
Potential Ineligible Businesses:
• Franchises and national chain businesses
• Health, medical, and social service businesses such as but not limited to walk-in clinics,
pain management clinics, hospitals and all affiliated services, chain pharmacies,
detoxification centers/clinics, residential care facilities, and labs
• Agricultural service industries
• Not-for-Profit organizations
• Tattoo parlors
• Body piercing or body art shops
• Adult entertainment facilities
• Adult-oriented or adult-themed businesses
• Nightclubs, standalone bars, or taverns
• Liquor stores
• Gun shops
• Pawn shops
• Home-based businesses
• Businesses that sell paraphernalia that may be considered drug paraphernalia
• Vitamin shops
• Medical marijuana businesses (wholesale, retail, production, processing, and testing)
• The grant program could be designed to provide financial assistance, on a
reimbursement basis, for the some or all of following expenses:
Monthly utility bills such as:
• FPL
• Internet
• Electricity
• Water
Page 564 of 1750
Professional Services such as:
• Payroll
• Marketing/advertising
• Technology
Rent/Lease/Mortgage expenses
FISCAL IMPACT STATEMENT
Approval of the subject resolution would have a $100,000 fiscal impact on the Fiscal Year 2025
budget.
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE)was published on .
See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meetinq-notices/
FINANCIAL INFORMATION
$100,000, subject to budget appropriation.
CONCLUSION
The Administration recommends creating a pilot Miami Beach small business development grant
program, in August and September 2025, to stimulate business growth and innovation, reduce
business closures, encourage employee retention, and bridge financial gaps. It is recommended
that the pilot program be considered as part of the Fiscal Year 2025 Budget process.
Applicable Area
Citywide
Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Proiect?
No No
Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Economic Development
Sponsor(s)
Commissioner Kristen Rosen Gonzalez
Co-sponsor(s)
Page 565 of 1750
• Condensed Title
Authorize Small Business Grant Program for Businesses in August/September 2025. (Rosen
Gonzalez) ED
Page 566 of 1750
9. DISCUSSION REGARDING SMALL BUSINESS GRANT FUNDING FOR BUSINESSES IN
AUGUST AND SEPTEMBER MONTHS
Page 567 of 1750
Committee Assignments-C4 X
MIAMIBEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Commissioner Kristen Rosen Gonzalez
DATE: December 13,2023
SUBJECT: REFERRAL THE TO FINANCE AND ECONOMIC RESILIENCY COMMITTEE - DISCUSSION
REGARDING SMALL BUSINESS GRANT FUNDING FOR RESTAURANTS IN AUGUST AND
SEPTEMBER MONTHS.
BACKGROUND/HISTORY
Miami Beach's extreme weather during the summer months lend results in fewer tourists and very difficult months for small
businesses. Because the Convention Center Hotel has yet to be built, and several large oceanfront hotels are closed or under
construction,during these hot summer months,small restaurant businesses because they must reduce staff to make ends meet.
I would like my colleagues to consider establishing a small business grant fund for restaurants—with some of the funding coming
from our allocation to the GMCVB, and the city matching these funds.The idea is to foster employee retention by offering a one-
time subsidy of$10K per year to restaurants in Miami Beach, during the months of August and September when business is very
slow.
Miami-Dade County has a similar small-business grant program offering $5K that is highly successful. This program would be a
pilot program until the Convention Center Hotel is opened and construction of the larger oceanfront hotels finished.
SUPPORTING SURVEY DATA
N/A
FINANCIAL INFORMATION.
N/A
Bgpllcable Ares
Citywide
is this a"Residents Right to Does this Item utilize G.O,.
Know"Item,pursuant to Bond Funds?
City Code Section 2-14?
Yes No
Strategjc Connection
Prosperity-Revitalize targeted areas and increase investment.
JagJslative Tracking
Commissioner Kristen Rosen Gonzalez
•
Page 568 of 1750
NEW BUSINESS 9
MIAMI BEACH
COMMITTEE MEMORANDUM
TO: Finance and Economic Resiliency Committee Members
FROM: Interim City Manager Rickelle Williams
DATE: June 28, 2024
TITLE: DISCUSSION REGARDING SMALL BUSINESS GRANT FUNDING FOR
BUSINESSES IN AUGUST AND SEPTEMBER MONTHS
BACKGROUND/HISTORY
On December 13, 2023, the Mayor and City Commission referred item C4 X (attachment A),
sponsored by Commissioner Rosen Gonzalez referred to the Finance and Economic Resilience
Committee (FERC), to discuss developing a small business grant fund for restaurants, with some
of the funding coming from the Greater Miami Convention & Visitors Bureau (GMCVB) and the
City matching these funds. As indicated in the attached referral memo, the intent of this small
business grant would be to stimulate business development by providing a one-time subsidy of
$10,000 exclusively to restaurants in Miami Beach during the slow months of August and
September (low period). Vice-Mayor Kristen Rosen Gonzalez suggested that Miami Beach has
become hyper-seasonal in a way that has not been witnessed before, and would like to offer
funding for these businesses when business is likely to be slow.
During the City Commission meeting, Commissioner Alex Fernandez recommended, and the
Commission agreed, that the Administration should explore not limiting the grants to restaurants
and to include other businesses including, but not limited to, retailers, salons, and hospitality-
focused retail stores.
This item has been included on prior FERC agendas but has not been reached.
ANALYSIS
Following COVID-19 era spikes, year over year, Resort Tax and hotel occupancy data suggest a
cooling period and moderate decline in tourism activity.According to the Miami Beach Visitor and
Convention Authority (MBVCA), hotel occupancy rates for the week ending September 9, 2023,
were at 57.5%, a 12.8% decrease from the 70.3% occupancy rate for the week ending July 29,
2023. The hotel occupancy rate for Miami Beach during August 2023 was 65.4%, presenting a
3.4% decrease from August 2022.
Small businesses play a vital role in the economy, contributing to job creation and economic
growth. However,these businesses often face significant financial challenges that can hinder their
progress and long-term viability. Grants have proven to be an effective source of financial relief
for small businesses as they do not have to be repaid and may be used for a wide range of
purposes, from covering administrative costs and business expenses to funding special projects
and beautifying the exterior of a storefront. Miami Beach has successfully administered three (3)
small business grants over the last three (3) years to neutralize the direct and indirect impact of
the pandemic and recovering economy.
The first grant the Economic Development Department administered during the COVID-19
pandemic was the City of Miami Beach Restaurant Reimbursement Grant. This grant program
Page 569 of 1750
provided eligible restaurants with up to$1,000 in reimbursement for expenses incurred by delivery
service apps such as UberEATS, Grubhub, DoorDash, and Postmates between March 12, 2020
and October 31,2020, per the emergency declaration enacted by the City Manager.This program
was able to assist twenty-eight (28) total restaurants, twenty-five (25)of which are still operating
in Miami Beach.
On May 13, 2020, through Resolution No. 2020-31256, the Small Business COVID-19 Relief
Program (Round 1) was approved by the City Commission and funded via Community
Development Block Grant-Coronavirus (CDBG-CV).The CDBG-CV funding was appropriated by
the U.S. Department of Housing and Urban Development (HUD) to the City of Miami Beach
through the Office of Housing and Community Services and allocated to the Economic
Development Department by way of a Memorandum of Understanding (MOU) as a subrecipient
for this purpose.
The City Commission allocated$200,000 in funding, of which$140,000 was disbursed to fourteen
(14) qualified Miami Beach small businesses, at$10,000 per business, during the initial launch.
For purposes of the grant, a small business was classified as a business with 10 employees or
less. On October 28, 2020, the City Commission approved Resolution No. 2020-31471, which
provided an additional $600,000 in grant funding to thirty (30) eligible small businesses through
the Emergency Small Business Reimbursement Grant Program (Round 2). The remaining
$60,000 in unexpended funds from Round 1 was later reallocated to the Emergency Small
Business Reimbursement Grant Program (Round 2) for a total of $660,000 to thirty-three (33)
eligible businesses.
The CDBG-CV-funded grants required job creation or retention for a low-to-moderate income
Miami Beach resident for a twelve-month period.Thirty-one(31)businesses that received CDBG-
CV funding were able to either create and/or retain a position for a qualified low-income Miami
Beach resident.
Miami-Dade County has also provided,on a recurring basis,small business grant programs,such
as the Mom and Pop Small Business Grant Program in Districts 4 and 5, spanning Miami Beach.
In Fiscal Year(FY)2023 this program, provided up to$5,000 to eligible businesses. In FY 2023,
$10,000 was awarded, collectively, to five (5) Miami Beach businesses out of approximately
$87,000 allocated for District 4. For FY 2022, $22,500 was awarded to nine(9)Miami Beach small
businesses out of$80,308 allocate for District 4. Note that District 4 is inclusive of municipalities
outside of Miami Beach.
In review of the City's CDBG-CV funded grant, there is a demonstrated need to make funding
available for a broad range of industries, as only nine (9) of the forty-seven (47)total businesses
that received funding were restaurants. In conversations by Economic Development staff with
small business owners citywide, the primary use for financial assistance in low tourism months
would be for rental assistance. The feedback received revealed that as commercial rent prices
continue to increase, businesses are struggling to balance and survive low periods. The
availability of meaningful financial assistance during this low period can significantly impact the
viability of a business for the rest of the calendar year. Grant assistance could allow businesses
to maintain Miami Beach residents as employees as well.
Miami Beach's small business community continues to experience challenges with some
businesses closing and/or seeking out locations in cities with lower commercial rents. However,
a small business grant program presents an opportunity to support and service the small business.
community with practical and attainable access to capital to bridge a short-term financial gap.
With a $100,000 budget, the Administration could create a three (3)-year Miami Beach Bridge
Grant Program. The program could provide twenty(20)grants of up to $5,000 to twenty(20)
Page 570 of 1750
eligible small businesses to help offset the economic impact of the slower tourism/hospitality
season. Note that City funding for this proposed grant has not been identified, allocated or
budgeted. It is recommended that program feasibly and funding be considered as part of the
Fiscal Year 2025 Budget process. The GMCVB has not committed to offering funding for this
purpose, but has indicated willingness to potentially provide support in the form of waivers (or the
like)to allow participation, by restaurants, in the Miami Spice restaurant promotional program.
Eligibility criteria may include:
• Located in Miami Beach and in operation with a Business Tax Receipt (BTR)for at least
two (2)years
• Registered as an active entity with the Florida Division of Corporations
• No affiliation with a national chain business or franchise
• In"good standing"with the City of Miami Beach and Miami-Dade County including but not
limited to an active City of Miami Beach Business Tax Receipt (BTR) and Miami-Dade
County Local Business Tax Receipt; No outstanding federal, state, and local taxes or
outstanding debt to the City of Miami Beach
• Revenue/Annual Sales limit as evidenced by recent business tax filings
Potential ineligible businesses may include:
• Franchises and national chain businesses
• Health, medical, and social service businesses such as, but not limited to, walk-in clinics, pain
management clinics, hospitals and all affiliated services, chain pharmacies, detoxification
centers/clinics, residential care facilities,and labs
• Agricultural service industries
• Not-for-Profit organizations
• Tattoo parlors
• Body piercing or body art shops
• Adult entertainment facilities
• Adult-oriented or adult-themed businesses
• Nightclubs, standalone bars, or taverns
• Liquor stores
• Gun shops
• Pawn shops
• Home-based businesses
• Businesses that sell paraphernalia that may be considered drug paraphernalia
• Vitamin shops
The grant program could be designed to provide financial assistance, on a reimbursement basis,
for some or all of the following expenses:
• Monthly utility bills such as:
o Electricity
o Water
• Professional Services such as:
o Payroll
o Marketing/advertising
o Technology
• Rent/Lease/Mortgage expenses
• Hard costs such as:
o Repairs and/or replacement of equipment
Page 571 of 1750
Alternatively, grants may be awarded without correlation to reimbursement of expenses.
FISCAL IMPACT STATEMENT
Funding for a grant program has not been identified or appropriated. The Administration has
included a$100,000 potential budget allocation within this memorandum for discussion purposes.
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
The Business Impact Estimate (BIE)was published on . See BIE at:
https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/
FINANCIAL INFORMATION
CONCLUSION
The Administration recommends exploring the necessity,feasibility, and budget impact of creating
a pilot Miami Beach small business development grant program to stimulate business growth and
innovation, reduce business closures, encourage employee retention, and bridge financial
gaps. It is recommended that program feasibility and funding be considered as part of the Fiscal
Year 2025 Budget process.
Applicable Area
Citywide
Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Project?
No No
Was this Agenda Item initially requested by a lobbyist which. as defined in Code Sec. 2-4811
includes a principal engaged in lobbying? No
Department
Economic Development
Sponsor(s)
Commissioner Kristen Rosen Gonzalez
Page 572 of 1750