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Economic Development Grants

The City of Boynton Beach Entrepreneurship and Business Incubation Grant Program

Business incubation can be a powerful tool for economic development and entrepreneurship. Incubators specialize in helping start-up and early stage businesses by providing resources such as office space, legal counsel, access to financing such as venture capital, and mentorship. Business incubators can provide entrepreneurs with a supportive environment that can help scale up their business. In line with its mission, the City's Department of Economic Development and Strategy will provide support in the form of grant financing to business incubators who incubate Boynton Beach businesses.

The City recognizes that the state of entrepreneurship is changing as new industries and opportunities are created through advances in technology. Entrepreneurs are shifting away from old business models and creating businesses that not only make a profit but help find solutions to some of our greatest societal challenges. The City's Department of Economic Development and Strategy will provide support in the form of grant financing to Working Groups on entrepreneurship. With the growing effects of climate change and sea level rise, sustainability has become a high priority for our city, which can create opportunities for entrepreneurs. As a coastal city with attractive year-round climate, tourism plays a large role in our local economy. Entrepreneurs in the health industry have a unique opportunity to create businesses that have an established network and strong support system with the largest employer in the City being Bethesda Hospital East. We also recognize that many entrepreneurs are participating in the “gig economy,” to earn additional income, or they are turning a hobby into a business using internet platforms such as Etsy and YouTube.

The City is seeking to support working groups on entrepreneurship that focus on:

  • Sustainability
  • Tourism and Hospitality
  • Health, 
  • the Gig-Economy.

2019-2020 Grants - Business Incubation

Apply for Business Incubation Grant

 

I. Introduction

Business incubation can be a powerful tool for economic development and entrepreneurship. Incubators specialize in helping start-up and early stage businesses by providing resources such as office space, legal counsel, access to financing like venture capital, and mentorship. Business incubators can provide entrepreneurs with a supportive environment that can help scale up their business. In line with its mission, the City of Boynton Beach Department of Economic Development and Strategy will provide support in the form of grant financing to business incubators who incubate Boynton Beach businesses.

In Fiscal Year 2018-2019 the City awarded four (4) grants to Working Groups on entrepreneurship that were tasked with creating a report that identified the challenges and barriers entrepreneurs face when starting and growing a business in Boynton Beach. Generally, their Final Reports identified four (4) key challenges entrepreneurs encounter when starting and successfully growing a business.

In Fiscal Year 2019-2020, the City is seeking to support Business Incubators that will address these key challenges: 

  • Capital and Funding 
  • Business Education 
  • Online Presence and E-Commerce 
  • Infrastructure and Affordable Space 

There are three (3) separate grants intended for Business Incubators that are focused on either woman, technology, or minority owned businesses. Each grant will be a maximum of $10,000. The $10,000 is intended to off-set the cost/fees of the incubator program for Boynton Beach-based businesses. The grant funds are not intended to support the overall business incubator or solely fund a business incubator. The selected grant recipient will be required to submit a 4-Month Milestones and Goals Report, an 8-Month Milestones and Goals Report, and a Final Milestones and Goals Report (See Section Eight (VIII) below for more information).

Category
Business Incubator Working Groups
(Grant Categories)
Funding Amount (Max)
(a)
Business Incubators for Women-Owned
businesses
$10,000
(b)
Business Incubators for Technology Companies
$10,000
(c)
Business Incubators for Minority-Owned
businesses
$10,000

 

II. Grant Timeline

* Anticipated Grant Period: January 22, 2020 – September 30, 2021.  
*Anticipated Grant Advertisement: January 22, 2020 
*Anticipated Application Deadline: February 17, 2020 
*Anticipated Announcement to Grantee: March 3, 2020 
*Anticipated Grant Start Date: March 9, 2020 

III. Definitions 

Business Incubator - an organization that helps new and start-up companies grow and develop by providing resources such as: physical space, access to financing, legal support, accounting/financial management mentoring, IT infrastructure, business development, networking opportunities, and marketing.

Cohort Identification List – a list of all Boynton Beach-based businesses that are joining your business incubator program pursuant to this grant

Women-Owned Business – a business that is at least 51% owned and controlled by women.

Minority-Owned Business – a business that is at least 51% owned and controlled by an individual(s) of a minority group. For the purpose of this grant, a minority group is defined as: African American, Hispanic American, Asian American and Native American.

Technology Companies – a company whose primary business is selling or producing tech or tech services.

IV. Objective  

The core objective of the 2019-2020 Business Incubation Grants are to strengthen a business incubator’s capacity to serve Boynton Beach businesses and support their financial viability and growth. Your application should describe your experience, current and past, in addressing the four (4) challenges identified by the City and how you will help Boynton Beach businesses succeed. An integral component of the incubator’s activities should include effective monitoring and evaluation of operations to ensure delivery of valuable services to Boynton Beach businesses, measuring the impact of those services, and to monitor the progress and sustainability of the businesses on a regular basis. Other activities should include mentoring Boynton Beach businesses, providing staff and resources, and facility use.

V. Grant Opportunities

a.) Business Incubation for Women-Owned Businesses

Grant Amount: $10,000

The City of Boynton Beach will select one grant application in this category in an amount not to exceed $10,000 that serves to incubate women-owned businesses. The grant will be disbursed against agreed upon deliverables satisfactory to the City of Boynton Beach.

Eligibility The Category A Grant will go to an eligible business incubator that incubates Boynton Beach-based women-owned businesses.

b.) Business Incubation for Technology Companies

Grant Amount: $10,000

The City of Boynton Beach will select one grant application in this category in an amount not to exceed $10,000 that serves to incubate technology companies. The grant funds will be disbursed against agreed upon deliverables satisfactory to the City of Boynton Beach.

Eligibility The Category B Grant will go to an eligible business incubator that incubates Boynton Beach-based technology companies.

c.) Business Incubation for Minority-Owned Businesses

Grant Amount: $10,000

The City of Boynton Beach will select one grant application in this category in an amount not to exceed $10,000 that serves to incubate businesses that are minority-owned. The grant funds will be disbursed against agreed upon deliverables satisfactory to the City of Boynton Beach.

Eligibility The Category C Grant will go to an eligible business incubator that incubates Boynton Beach-based minority-owned businesses.

VI. Application and Review Process 

  1. Applications will be available online at www.WhyBoynton.com starting January 22, 2020. The last day to submit an application will be February 17, 2020.
  2. Each application submitted to the City will be sent to the Department of Economic Development and Strategy to conduct a preliminary review to confirm the applicant’s eligibility.
  3. Once all applications are reviewed by the Department of Economic Development and Strategy, they will be sent to the City’s Grant Evaluation Committee for review and scoring.
  4. The Grant Evaluation Committee will review and score each application according to established criteria and make preliminary funding recommendations to the City Commission.
  5. City Commission may either approve or deny staff’s recommendation, and the grant winners will be announced at the City Commission Meeting on March 3, 2020.
  6. Grant recipients shall sign a grant agreement with the City.
  7. Upon execution of the grant agreement by the City, the applicant must submit a Cohort Identification List (See Section Eight (VIII) below for more details).
  8. As soon as the City receives the grant recipient’s Cohort Identification List their grant funds may be distributed in full ($10,000).
  9. The grant recipient shall submit reports to the City in accordance with the timeline identified in Section Two (II) and explained in Section Eight (VIII). 

VII. Grant Evaluation Criteria  
Successful Applicants will incorporate the following considerations into their proposal. 
Maximum Points Available = 100

Incubator Design (25 points) 

  • Are the four (4) key challenges, identified by the City, addressed? If so, how will they address those challenges?
  • Do the incubator’s proposed services address the goal of the category grant?
  • What are the expected immediate outputs, short, medium and long-term goals for Boynton Beach businesses as cohorts of the incubator?
  • How will the proposed services achieve these results?
  • How will the incubator’s structure contribute to its success?
  • Are the activities likely to result in stated outputs/outcomes?
  • Are metrics used to determine how successful the incubator is at incubating cohort businesses? If so, are those metrics clearly stated?
  • Are outputs presented with measurable metrics?
  • Are outcomes presented with measurable metrics?
  • What makes your incubator innovative?
  • How long is your incubation program? 

Scalability (15 Points) 

  • Does the incubator demonstrate scalability for Boynton Beach businesses?
  • How will the incubator help scale-up Boynton Beach businesses?
  • Does the incubator demonstrate growth in the larger Boynton Beach business community?
  • How are metrics used to determine and measure your cohort’s scalability? 

Sustainability (15 points)  

  • How likely is it that the services/benefits the incubator provides to Boynton Beach businesses continue after the life of the grant?
  • Does the incubator identify ways it will continue to incubate Boynton Beach businesses after the life of the grant?
  • Are the long-term goals for cohort businesses clearly defined? Does the incubator have a defined strategic plan to successfully reach these long-term goals?
  • What is the success rate for businesses as members of the incubator?
  • What is your average cohort graduation rate? 

Organizational Capacity (20 points)

  • Does the applicant have sufficient motivation and capacity to incubate Boynton Beach businesses and manage the incubator and achieve its mission and goals?
  • Does the applicant have, or have the ability to hire staff (full-time and part-time) and volunteers with the necessary skills, expertise and experience?
  • Does the applicant and staff have the necessary skills and experience to contribute to the business incubator’s goal of incubating Boynton Beach businesses?
  • Does the applicant demonstrate sufficient resources, equipment, and staff?
  • How many businesses have you incubated over the last year, 2 years, and 3 years?

Financial Plan (15 points)

  • Are the potential financial expenditures clearly defined and justified?
  • Do planned costs ensure optimal delivery of proposed services to Boynton Beach businesses?
  • How reasonable are the costs related to the results to be achieved?

References (10 points)  

  • Submission of incubator reference letters from existing cohorts or program graduates.

VIII. Reporting Requirements (Deliverables) 
Applicants selected by the City for receipt of a Business Incubation Grant are required to produce the following: 

Cohort Identification List – The City requires a list of all Boynton Beach-based businesses that are joining your business incubator program through this grant. We will need a Business Tax Receipt (BTR) for all Boynton Beach-based businesses and the baseline metrics you identified in your grant application for each business joining your program.

4-Month Milestones and Goals Report –This report will describe the progress of the Boynton Beach businesses using the baseline metrics identified in your application and Cohort Identification List through their first four (4) months as a member of the program. This report will be due on June 24, 2020.

8-Month Milestones and Goals Report – This report will describe the progress of the Boynton Beach businesses using the baseline metrics identified in your application and Cohort Identification List through their first eight (8) months as a member of the program. This report will be due on October 24, 2020.

Final Milestones and Goals Report – This report will identify and describe the program used to incubate Boynton Beach businesses and describe the progress of those businesses using the baseline metrics identified in your application and Cohort Identification List over the last twenty (20) months as a member of the program. This report will be submitted to the City twenty (20) months after the businesses joined your incubation program. 

IX. Additional Eligibility Criteria – Applies to All Business Incubators 

In addition, the following requirements apply to all Business Incubator categories:

  • Applicants may be a for-profit organization, non-profit organization, or NGO.
  • The grant funds may only be used to support Boynton Beach businesses. Before grant funds are distributed, the grantee must submit a list of all Boynton Beach businesses that are joining your incubator (this does not apply to the Youth Entrepreneur Business Incubator)
  • Applicants must be an organization legally established and in good standing
  • No outside funds may come from the Boynton Beach Community Redevelopment Agency.
  • City of Boynton Beach grant funds may not be used to pay any government employees, purchase alcohol or food items.

Apply for Youth Entrepreneurship Business Incubation Grant

 

I. Introduction 

Business incubation can be a powerful tool for economic development and entrepreneurship. Incubators specialize in helping start-up and early stage businesses by providing resources such as office space, legal counsel, access to financing options like venture capital, and mentorship. Business incubators can provide entrepreneurs with a supportive environment that can help scale up their business. In line with its mission, the City of Boynton Beach Department of Economic Development and Strategy will provide support in the form of grant financing to business incubators who incubate young entrepreneurs.

In Fiscal Year 2018-2019 the City awarded four (4) grants to Working Groups on entrepreneurship that were tasked with creating a report that identified the challenges and barriers entrepreneurs face when starting and growing a business in Boynton Beach. One (1) of the reports analyzed youth entrepreneurship and the changes young people face when trying to start and growing a business. Generally, their Final Report identified key challenges encounter by young individuals in interested in entrepreneurship and starting a business.

In Fiscal Year 2019-2020, the City is seeking to support a Youth Entrepreneur Business Incubator that will address these key challenges:

  • Entrepreneurial goal setting
  • Training opportunities and entrepreneurial experiences
  • Business Education
  • Business and Entrepreneurship Mentorship Program

The grant will be a maximum of $10,000. The $10,000 is intended to educate young entrepreneurs on how to start and grow a business, as well as, provide real-world experiences with local entrepreneurs. The selected grant recipient will be required to submit a 4-Month Milestones and Goals Report, an 8-Month Milestones and Goals Report, and a Final Milestones and Goals Report. 

II. Grant Timeline 

* Anticipated Grant Period: January 22, 2020 – September 30, 2021.  
*Anticipated Grant Advertisement: January 22, 2020 
*Anticipated Application Deadline: February 17, 2020 
*Anticipated Announcement to Grantee: March 3, 2020 
*Anticipated Grant Start Date: March 9, 2020

III. Definitions 

Youth Entrepreneurs – individuals age 12-22 who own a business or would like to start a business

Youth Entrepreneur Business Incubator – an organization that educates and trains young individuals on business operations such as financial management, human resources, marketing, and how to start and operate a business.

IV. Objective 

The objective of this grant is to educate youth entrepreneurs on how to start and grow a business. Entrepreneurs have to understand every aspect of their business from financial management and logistics to marketing and human resources. This grant will provide support in the form of a $10,000 grant to create a curriculum and program to educate and training young entrepreneurs.

V. Grant Opportunity and Eligibility Requirements 
Business Incubation for Youth Entrepreneurs 
Grant Amount: $10,000
 
The City of Boynton Beach may select one grant application in this category in an amount not to exceed $10,000 to a Youth Entrepreneur Business Incubator that serves to educate and train young individuals on entrepreneurship. The grant funds will be disbursed against agreed upon deliverables satisfactory to the City of Boynton Beach.

Eligibility  
This grant will go to an eligible Youth Entrepreneur Business Incubator (defined in Section III.) that incubates youth entrepreneurs in Boynton Beach.

In addition, the following requirements apply to all Business Incubator categories: 

  • Applicants may be a for-profit organization, non-profit organization, or NGO. 
  • The grant funds may only be used to support Boynton Beach-based youth entrepreneurs. Before grant funds are distributed, the grantee must submit a list of all Boynton Beach businesses that are joining your incubator (this does not apply to the Youth Entrepreneur Business Incubator) 
  • Applicants must be an organization legally established and in good standing 
  • No outside funds may come from the Boynton Beach Community Redevelopment Agency. 
  • City of Boynton Beach grant funds may not be used to pay any government employees, purchase alcohol or food items. 

VI. Application and Review Process 

  1. Applications will be available online at WhyBoynton.com starting January 17, 2020. The last day to submit an application will be February 7, 2020.
  2. Each application submitted to the City will be sent to the Department of Economic Development and Strategy to conduct a preliminary review to confirm the applicant’s eligibility.
  3. Once all applications are reviewed by the Department of Economic Development and Strategy, they will be sent to the City’s Grant Evaluation Committee for review and scoring.
  4. The Grant Evaluation Committee will review each application according to established criteria and make preliminary funding recommendations to the City Commission.
  5. City Commission may either approve or deny staff’s recommendation, and the grant winners may be announced at the City Commission Meeting on February 18, 2020.
  6. Grant recipients shall sign a grant agreement with the City.
  7. Upon execution of the grant agreement by the City, the funds may be distributed in full ($10,000) to the grant recipient. 
  8. The grant recipient shall submit reports to the City in accordance with the timeline identified in Section Two (II) and explained in Section Eight (VII). 

VII. Grant Evaluation Criteria  
Successful Applicants will incorporate the following considerations into their proposal.  
Maximum Points Available = 100  

Incubator Design (35 Points) 

  • Are the key challenges, identified by the City, addressed? If so, how will they address those challenges?
  • Do the incubator’s proposed services address the goal of the category grant?  
  • What are the expected immediate outputs, short, medium and long-term goals for young entrepreneurs as cohorts in your incubator?
  • How will the proposed services achieve these results?
  • How will the incubator’s structure contribute to its success?
  • Are the activities likely to result in stated outputs/outcomes?
  • Are metrics used to determine how successful the incubator is at incubating cohorts? If so, are those metrics clearly stated?
  • Are outputs presented with measurable metrics?
  • Are outcomes presented with measurable metrics?
  • What makes your incubator innovative?

Sustainability (10 points)  

  • How likely is it that the services/benefits the incubator provides to Boynton Beach youth entrepreneurs will continue after the life of the grant?
  • Does the incubator identify ways it will continue to incubate Boynton Beach youth entrepreneurs after the life of the grant?
  • Are the long-term goals for youth entrepreneurs clearly defined? 

Organizational Capacity (30 points) 

  • Does the applicant have sufficient motivation and capacity to incubate youth entrepreneurs and manage the incubator and achieve its mission and goals?
  • Does the applicant have, or have the ability to hire staff (full-time and part-time) and volunteers with the necessary skills, expertise and experience?
  • Does the applicant and staff have the necessary skills and experience to contribute to the business incubator’s goal of incubating Boynton Beach youth entrepreneurs?
  • Does the applicant demonstrate sufficient resources, equipment, and staff?
  • Does the applicant demonstrate experience/success with similar project/program?

VIII. Reporting Requirements (Deliverables)  
Applicants selected by the City for receipt of a Business Incubation Grant are required to produce the following:

4-Month Milestones and Goals Report –This report will describe the progress of the Boynton Beach youth entrepreneurs using the baseline metrics identified in your application through their first four (4) months as cohorts of the incubator. This report will be due on June 24, 2020.

8-Month Milestones and Goals Report – This report will describe the progress of the Boynton Beach youth entrepreneurs using the baseline metrics identified in your application through their first eight (8) months as cohorts of the incubator. This report will be due on October 24, 2020.

Final Milestones and Goals Report – This report will identify and describe the program used to incubate Boynton Beach young entrepreneurs and describe the progress of those entrepreneurs using the baseline metrics identified in your application over the last twenty (20) months of your business incubation program. This report will be submitted to the City twenty (20) months after the young entrepreneurs joined your incubation program.

Grants - Working Groups on Entrepreneurship in Sustainability, Tourism and Hospitality, Health, and the Gig Economy 

Apply for Entrepreneurship Working Group Grant

I. Introduction  
The City of Boynton Beach recognizes that the state of entrepreneurship is changing as new industries and opportunities are created through advances in technology. Entrepreneurs are shifting away from old business models and creating businesses that not only make a profit but help find solutions to some of our greatest societal challenges. The City of Boynton Beach Department of Economic Development and Strategy will provide support in the form of grant financing to Working Groups on entrepreneurship. With the growing effects of climate change and sea level rise, sustainability has become a high priority for our city, which can create opportunities for entrepreneurs. As a coastal city with attractive year-round climate, tourism plays a large role in our local economy. Entrepreneurs in the health industry have a unique opportunity to create businesses that have an established network and strong support system with the largest employer in the City being Bethesda Hospital East. We also recognize that many entrepreneurs are participating in the “gig economy,” working for companies such as Uber to earn additional income, or they are turning a hobby into a business using internet platforms such as Etsy and YouTube.

In Fiscal Year 2019-2020, the City is seeking to support working groups on entrepreneurship that focus on:

  • Sustainability,
  • Tourism and Hospitality,
  • Health, and
  • the Gig-Economy.

One applicant in each category may receive a grant of up to $2,500 to report on the state of entrepreneurship in their chosen focus area for Boynton Beach. The selected grant recipient will submit a Final Report to the City no later than September 30, 2020. 

Category
Business Incubator Working Groups
(Grant Categories)
Funding Amount (Max)
(a)
Working Group on Entrepreneurship in
Sustainability
$2,500
(b)
Working Group on Entrepreneurship in
Hospitality/Tourism
$2,500
(c)
Working Group on Entrepreneurship in Health
$2,500
(d)
Working Group on Entrepreneurship in the
“Gig Economy”
$2,500

 

Definition 

Working Group – An informal committee of local businesses or group of individuals selected to study and report on the state of entrepreneurship in their chosen focus area (Sustainability, Tourism and Hospitality, Health, and the Gig-Economy). 

II. Grant Timeline 

* Anticipated Grant Period: January 22, 2020 – September 30, 2020.
*Anticipated Grant Advertisement: January 22, 2020
*Anticipated Application Deadline: February 17, 2020
*Anticipated Announcement to Grantee: March 3, 2020
*Anticipated Grant Start Date: March 9, 2020

III. Entrepreneur Working Groups (Grant Categories)  

a.Sustainability Focused Entrepreneurs 

Environmental sustainability has become a high priority in the City and our efforts to reduce greenhouse gas emissions, conserve resources, facilitate alternative modes of transportation, and reduce our overall impact on our natural environment are just a few examples of how the City is taking action. For a more detailed view of the City’s efforts and goals, applicants should refer to the Boynton Beach Climate Action Plan.

In order to become more sustainable community-wide, the City needs the private sector to help with sustainability efforts by using their innovation, ingenuity, and expertise to develop businesses that contribute to sustainability and have a positive impact on the environment.

Objective  
The working group on entrepreneurship in sustainability will clearly outline the challenges and opportunities for businesses with a focus in environmental sustainability, and present lessons learned, tools, best practices and models for effective sustainability focused entrepreneurship. 

b. Tourism/Hospitality Focused Entrepreneurs 

Tourism and Hospitality is one of the City’s largest industries supporting thousands of jobs and plays a vital role in our local economy. The City is always looking for new and innovative ways to help tourists experience all that Boynton Beach has to offer. As a vibrant, coastal city centrally located in Palm Beach County and South Florida, Boynton Beach attracts year-round visitors looking to enjoy our arts and culture as well as our beautiful beach.

Objective 
The working group on entrepreneurship in tourism and hospitality will clearly outline the challenges and opportunities for businesses engaged in the hospitality and tourism industry, and present lessons learned, tools, best practices and models for effective tourism and hospitality focused entrepreneurship.

c.Health Focused Entrepreneurs 

The largest employer in the City is Bethesda Hospital East, which supports a vibrant health sector. Medical offices, outpatient facilities, physical therapy centers, and clinics are organically supported by Bethesda to create a health sector that supports thousands of jobs and provides high-quality healthcare. This also creates an opportunity for other segments of this sector to grow such as medical tourism.

Objective  
The working group on entrepreneurship in health will clearly outline the challenges and opportunities for health focused entrepreneurs, and present lessons learned, tools, best practices and models for effective health focused entrepreneurship.

d. Gig-Economy entrepreneurs 

The “gig economy” is generally made up of three components: independent workers paid by the gig (i.e. a task or a project), as opposed to a salary or hourly wage; customers who need a specific service (i.e. a ride or an item delivered); and, the worker connecting directly with the consumer using a online platform. The gig economy is a shift away from the traditional full-time worker economy and focuses on the part-time, flexible jobs created by new industries and sectors in the evolving economy. For example, platforms such as UberEats, Airbnb, Etsy, and Lyft, have created a new industry for individuals to earn an income in a temporary work engagement setting. There are strengths and weaknesses to this emerging industry, but the opportunities and share of the workforce associated with the gig-economy is growing.

Objective  
The working group on entrepreneurship in the gig-economy will clearly outline the challenges and opportunities for entrepreneurs, and present lessons learned, tools, best practices and models for effective gig-economy entrepreneurship. 

IV. Grant Amount: $2,500 (1 for each grant category)

The City of Boynton Beach may select up to four (4) grant applicants to receive an individual award of two-thousand and five hundred dollars ($2,500). There will be an individual award for each grant category (sustainability, hospitality/tourism, health, and gig-economy). The grant amount will be a maximum of $2,500. Each grant will be disbursed according to the requirements described in Section Six (VI) below.

V. Eligibility Criteria 

The City of Boynton Beach is inviting working groups that have demonstrated experience in one of the above focus areas, to create a report indicating the strengths, weaknesses, opportunities, and challenges entrepreneurs face in the aforementioned focus areas in the City of Boynton Beach. The working groups’ reports must focus solely on the City of Boynton Beach, but do not have to be located within City limits.

In addition, the following requirements apply to all grant categories:

  • Applicants may be a for-profit organization, non-profit organization, or NGO.
  • Applicants must be an organization legally established and in good standing
  • No outside funds may come from the Boynton Beach Community Redevelopment Agency.
  • Participating organizations should be indicated in your application and state their level of participation and their financial and/or in-kind support to the project.
  • City of Boynton Beach grant funds may not be used to pay any government employees, purchase alcohol or food items.

VI. Application and Review Process 

  1. Applications will be available online at WhyBoynton.com starting January 17, 2020. The last day to submit an application will be February 7, 2020.
  2. Each application submitted to the City will be sent to the Department of Economic Development and Strategy to conduct a preliminary review to confirm the applicant’s eligibility.
  3. Once all applications are reviewed by the Department of Economic Development and Strategy, they will be sent to the City’s Grant Evaluation Committee for review and scoring.
  4. The Grant Evaluation Committee will review each application according to established criteria and make preliminary funding recommendations to the City Commission.
  5. City Commission may either approve or deny staff’s recommendation, and the grant recipients will be announced at the City Commission Meeting on February 18, 2020.
  6. Grant recipients shall sign a grant agreement with the City.
  7. Upon execution of the grant agreement by the City, the City may disperse the initial grant funds in the amount of $2,000 to the grant recipient. The City may disperse the final grant funds in the amount of $500 upon receipt and acceptance of the Final report.
  8. The grant recipient shall submit their Final report to the City no later than September 30, 2020.

VII. Reporting Requirements (Deliverables) 
Applicants selected by the City for receipt of a Business Incubation Grant are required to produce the following:

Final Report – The following information is required in the Final Report for each grant recipient. The Final Report must provide the following information:

- Description of the data collected, how it was collected and how it was utilized;
- Description of the methods used to create your report;
- Identification of the strengths, weaknesses, opportunities, and threats to Boynton Beach entrepreneurs in your chosen focus area;
- Recommendations for solving the challenges identified during your activities;
- Innovative ideas, best practices, and success stories for entrepreneurs serving their focus area; and,
- Quantitative data to support your findings and solutions.

VIII. Grant Evaluation Criteria 
Successful Applicants will incorporate the following considerations into their proposal. 
Maximum Points Available = 50 

Working Group Design (20 points)

  • Do the proposed activities address the objective for the grant category?
  • How will the applicant use quantitative data to demonstrate their findings?
  • Will your proposed research benefit the City’s economic development initiatives?
  • What makes your process innovative? Working Group Capacity (20 points)
  • Does the applicant have sufficient motivation and capacity to manage the project/grant and achieve the goals of the grant?
  • Does the applicant have, or have the ability to hire staff (full-time and part-time) and volunteers with the necessary skills, expertise and experience?
  • Does the applicant have the necessary skills and experience to contribute to the working group?
  • Does the applicant demonstrate sufficient resources, equipment, and staff?

Financial Plan (10 points)

  • Are the potential financial expenditures clearly defined and justified?

*For Americans with Disabilities Act (ADA) accommodations, call 561-742-6241 or Florida Relay 711.