HomeMy WebLinkAbout5B1 Budget Request (Pokagon Fund)
Redevelopment Commission Agenda Item
DATE: September 12, 2019
FROM: Alkeyna Aldridge
SUBJECT: Budget Request (Pokagon Fund)
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
This is a budget request for two community development initiatives aimed at addressing
poverty and unemployment in the city. The request is from the Pokagon fund managed by the
Redevelopment Commission.
I. Request: $20,000
Vendor: Incremental Development Alliance, Inc.
Professional Services: Targeted Small Developer Technical Assistance
The Alliance aims to train under capacity neighborhood-based organizations
and individuals how to develop small buildings, often owner occupied (or owner-
adjacent).
II. Request: $30,000
Vendor: St. Mary’s College Women’s Entrepreneurship Initiative (WEI)
Program: SPARK Neighborhood Accelerator Pilot
WEI’s SPARK Women’s Business Accelerator provides a successful model of
technical assistance and mentorship for women entrepreneurs. By partnering
with the City of South Bend to deliver SPARK in a small, targeted area, WEI can
support economic empowerment of women, especially women of color, and
create a replicable model for economic inclusion, small business development,
and neighborhood revitalization. We intend our pilot to run for a minimum of
five years to develop a steady pipeline of small businesses and a robust
entrepreneurial ecosystem.
Total Request: $50,000
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
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INTERNAL USE ONLY: Project Code: TB Set-Up_____________________________________;
Total Amount new/change (inc/dec) in budget: _$50,000______________; Break down:
Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________;
Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________
___________________________________________. Going to BPW for Contracting? Y/N
Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________