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LL ECONOMIC VITALITY COMMITTEE <br />LC IouisVi I I e- <br />COLORADO -SINCE 1.878 <br />SUBJECT: DISCUSSION/DIRECTION- EMERGENCY SOLUTIONS GRANT <br />PROGRAM OUTCOME ANALYSIS <br />DATE: MAY 22, 2020 <br />PRESENTED BY: MEGAN E. PIERCE, ECONOMIC VITALITY DIRECTOR <br />SUMMARY: <br />On May 6, the Economic Vitality Committee (EVC) reviewed the initial data and <br />outcomes on the Emergency Solutions Grant Program. Part of the grant program web <br />application was a section on "Additional Information"; this section was not required to be <br />completed by applicants, but was intended to further inform the City on business <br />impacts and gather ideas for future business support. <br />DISCUSSION/DIRECTION: <br />The following tables summarize the applications received, the status of the particular <br />applicant outcomes, and how the $350,000 of Emergency Solutions Grant funding was <br />dispersed. <br />Total Applications Received <br />180 <br />Eligible Applications within URA <br />62 <br />Monthly Filers <br />31 <br />Quarterly Filers <br />8 <br />Annual Filers <br />23 <br />Eligible Applications outside URA <br />61 <br />Monthly Filers <br />25 <br />Quarterly Filers <br />14 <br />Annual Filers <br />22 <br />Number of Ineligible Applications <br />57 <br />Not Licensed Business as of 3/10/20 <br />20 <br />Not Eligible Business Type <br />14 <br />Home -Based Business <br />3 <br />Incomplete Application (no response) <br />2 <br />More than 25 FTE Employees <br />2 <br />Not Current on All City Accounts <br />14 <br />No Certificate of Good Standing <br />2 <br />Agenda Packet P. 7 <br />