DDP Economic Vitality Packet

\ DOWNTOWN ye SDOVER PARTNERSHIP Economic Vitality Committee Meeting Tuesday, February 21, 2023 9:00 a.m. via Zoom: Join Zoom Meeting https://usO6web.zoom.us/j/86487485050 Meeting ID: 864 8748 5050 One tap mobile +13092053325,,86487485050# US +13126266799,,86487485050# US (Chicago) Welcome & introductions Agenda Public comments Business Retention e REAP application: Otis Brooks, Tastee’s Chicken & Sea Food Restaurant Other business Adjournment Executive Session may be held at discretion of the Chair, Economic Vitality & Development Committee.

k DOWNTOWN ye SDOVER PARTNERSHIP Economic Vitality Committee Meeting Tuesday, February 21, 2023 9:00 a.m. via Zoom: Join Zoom Meeting https://us06web.zoom.us/j/86487485050 Meeting ID: 864 8748 5050 One tap mobile +13092053325,,86487485050# US +13126266799,,86487485050# US (Chicago) Welcome & introductions Agenda Public comments Business Retention e REAP application: Otis Brooks, Tastee’s Chicken & Sea Food Restaurant Other business Adjournment Executive Session may be held at discretion of the Chair, Economic Vitality & Development Committee.

Retention/Expansion Assistance Program Asa business retention measure, the Downtown Dover Partnership (DDP) will provide mini-grants* grants and/or other incentives, at the discretion of the DDP Economic Vitality Committee and/or Economic Development Funding Review Committee [herein referred to as “Committee”], and budget-permitting, for a qualified downtown Dover business owner currently operating ina downtown Dover business district brick-and-mortar, non-residential location, to expand. Examples of ways that an applicant may extend a request for grant funds for expansion or retention are (but are not limited to) as follows: 1. Expand within current downtown footprint in at least one of the following ways: o Increase in square footage (expanded floor space in current space); o Expand product line in a meaningful way to strengthen an existing customer audience, and/or to gain a new customer audience; o Strengthen a current, successful business by adding an eCommerce (on-line sales) option; o Other, with description provided by applicant. OR 2. Expand the current business to a new, larger, or more suitable space within the priority DDP Downtown Designated Area. (See Attachment A.) OR 3. Expand from owning one (or more) business to owning a second (or more) business in the priority DDP Downtown Designated Area.(See Attachment A.) OR ; 4. \Retention: To address critical needs such as physical and digital improvements, new ; equipment, technology, and training to support growth. 5. Other ways that are defined by applicant and presented for consideration to the Committee via application. When reviewing applications, in addition to the above suitable types of expansion and retention categories, the Committee will take into consideration the request in relation to the “Top Ten Priority Business Categories” that have been shown by market research to be needed in downtown Dover. (See Attachment B.) 1 Actual dollar amount of mini-grants will be determined at the discretion of the committee. They are anticipated to be up to $2,000. Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 d

*What constitutes a qualified downtown Dover business owner? A. Business owner currently rents nyinsastacs and is operating a business in a location within the priority DDP Downtown Designated Area. (See Attachment A.) B. Has successfully operated in the location stated in bullet #1. (See Page 1) for at least a year. As evidence of successful operation, some/all of the following documents may be required: o Financial statements to show revenue/loss for past two years; oO Proof that outstanding debt repayment is current (i.e.; applicant is not lagging on credit card, loan, or other payments). o Letter(s) from financial institution(s) and/or landlord that applicant is current on debt obligations and lease payments; . o Strong, active social media/internet presence; o Active ecommerce; oO. Strong visual impression of current location, interior and exterior. (l.e.; well- maintained, appropriate style for business type and customer base.) o Customer base (quantity) and proximity within the region. (For example: Where do 75% of your customers live? Is this a destination business?) o Other grants, incentives or programs you have used to bolster your business. Go Other Cc. Awritten business plan is strongly recommended, and may be requested by DDP, for anew business, as well as for a significant change in operations and/or expansion of an existing business. A business plan (or executive summary) may be requested by the DDP. NOTE: Awards will be dispersed to successful applicants on a reimbursable basis upon completion of the targeted expansion; and/or receipt of a Certificate of Occupancy; and/or upon conditions placed upon business owner by the Committee for receipt of funds, all of which will be identified within an award letter to applicant upon approval of-application by the Committee. All funds will be awarded and distributed within the sole discretion of the DDP. The DDP may waive or permit variations to these guidelines. Applicants may be asked to present their request to the Committee in person. In addition, successful applicants (those who are awarded a grant) will be required to provide outcomes in person and/or in writing to the committee and/or DDP staff upon request and within six- to twelve months of receipt of award. In addition, there may be interim “status” presentations, reports, financials or other materials/documents required between beginning and completion of project. NOTE: For those current downtown Dover businesses not qualified or not approved for this mini- grant program, other funds and/or incentives may be available through the DDP or resource partners, such as those for fagade improvements, architectural services, small business loans/grants and/or short-term programs. Applicant should ask to be apprised of same. Downtown Dover Partnership; 101 W. Loockerman St., Suite 1A; Dover, DE 19904; 302-678-2940 Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 2

In some cases, REAP funds may be coupled with the DDP Revolving Loan Fund Program funds to address the small business needs. The DDP Revolving Loan Fund Program is being prepared for launch in early FY 2022 wherein funds will be loaned to qualified small businesses that have emergent, unanticipated, near-term critical operational needs, and for which qualified current downtown Dover business owners (as well as business prospects who have signed leases in the priority DDP Downtown Designated Area, Attachment A) would be eligible to apply. Repayment of these funds with a low interest paymentwill ‘be required, afid a penalty incurred if payment(s) is/are late. NOTE: ie YA EBAY SOS \ yf a} s . - hae , ; ‘all applicants of the REAP and Dower Revolving Loan Fund are required vorg¢omplete advisement and/or technical assistance provided by a Small Business Develgpment,Center (SBDC) advisor/Navigator Program, and/or other similar training oftechhical assistance or pre-approved training provider on a topic that jgintendagto adyange the; knowledge, skills, and profitability of the business owner/applicant. The DDP representative will make recommendations toward this requirement With'each*applicant? HoAlHs PAV yea y- - 1 Pe Dispersemept of funds is reliant on enrollment ant! completion of this advisement/training. 13 Begin actual application next page (Page/4). WYO e 48 prea ney 4 vee Va AY WQMVOLS MY sy, . art} ee x mR ive on, Nana rr 3) ot! wlio Wo) MAAS B), ppPerrtoorda oS “1 +9) . . ee AKS Acts, oA) Remainder of page intentionally left blank. , * Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 3

REAP Retention/Expansion Assistance Program APPLICATION Name of Business Owner; C7 7/S Brooks Home Address of Business Owner: street /Apt.. 313 W Loockerman xt City: Dd over State: be zip:_) foe Phone/Cell: ZO2.-52l6- Go| Other Phone: Email Address: OPV0 0Ks Gute @ qm acl. Com Current Business Name:__ | AS TEE & Sticke > eq bead Type of Business or Business Category: esta Uva n / +b How long have you been in business? ives, ne How long at this address? a Current Business Address: Street /Suite.: tel S New s} City: D> over State: D Ce Zip: \ 790 G Phone/Cell: 302-6 726-4 4o! Other Phone:_ ZO - 612- OF 99 Web address: obvooks Guy @ gma. Com How much revenue was generated in: 2019 [56 kK 2020 Bok 2021 3/0k IF APPLICABLE: Address of new business: Street /Suite.: See Above City: State: Zip: Phone/Cell: ‘ Other Phone: Does the new business have a web address? YES NO If yes, provide web address: Does your current business, as provided above, now operate in the priority DDP Downtown Designated Area? (See Attachment A.) YES NO Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 4

Do you have a current Delaware Business License? Va YES __NO a Do you have a current City of Dover business License YES ek Co. NO Describe briefly (200 Words or less) how you plan to expand. Specifically, provide the bullet number on Page 1 of the REAP Guidelines that describes how you plan to expand and related details about your plans. Bullet # _—~ Description e roles, Le lose of busin es’ sustain Ren Five / am in Cor ble . ‘ eSs ” apple valde Gilyacent do mine, cesultng i No aa J i Dento\ttien te olor Voce. hit Sund is evitically neewed] ve AeA ev (on) . pt Shove “4 With chee ceblactn ent, az all My Frozen Ne leo ass! tH in _ Vad duce ave all expived a or bun A my produce A have become freezer, by bo elk words whlies Does your proposed expansion include products and/or services that fall within one or more of the “Top Ten Priority Business Categories” that have been shown by market research to be needed in downtown Dover? (See Attachment B.) YES NO Describe briefly (100 words or less) what does successful expafision look like? Vetewt on Feand will ofp Cover a port on wt loss Revenle reteyt en Provide 5 or more targeted metrics (quantifiable results) to your planned expansion. For example, How many new customers are you targeting? How much more annual revenue is anticipated from the expansion? (Dollars or percentage increase over existing revenue.) How will your business expansion/retention benefit the downtown? 1. Fund will heb me Stabilize emhil deme * Sewe a Rooduet qwat men only available at ‘ yO . Mus \ocakon “) Sep / Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 5

ates much do you plan/need to address this specific emergent issue and/or expansion? S 2) 000: ao 2. Total amount you are requesting from the REAP grant program: $ Z 000- bX cannot exceed $2,000) 3. If this request is for an expansion of product, square footage, or a new business, will veuspte a i een to support your overall plan in addition to REAP funds, if awarded? YES if ves “3 Bbové, what is'thfé anprixinete amouyrit ¢ of jan rans you will request? “3 vite: whe 3 fe Ts aug wie ae ‘ » 95,) il understand, ek ita aw varded finding i wit rainy with? the fetowing: cs a ? rh ae ih provitte requested sroeulnanvatlon} asiderttied on Page 2 Builet | 8, e | will present my request (as well updates, if asked) in,berson to the Commie! , 38 Sen e |f awarded funding, | will disclose to the DDP if my plans for expansion ‘change’ ‘or if failureis ’ - imminent. e [understand that grant funding, if awarded, will be provided per terms outlined in the award letter (and subsequently approved by the Committee) and will be provided to me ona reimbursable basis, unless otherwise determined by the DDP. e |understand that if | complete work outside of the description and intent of the award letter sand/or. without prior approval from, the DDP/Committee, | J a be renulees to return the funds to the DDP within 30 days of DDP noticé td dd'sd. ° MN Orae | Grane e If the business fails within two years of receipt of funds, | may be required to pay back all or a portion of funds awarded, or forfeit them prior to receipt of them. © Additional requirements may be provided in a letter of award. | hereby provide information in this application and related documentation is true and correct, to the best of my knowledge. | further understand that providing falsified information or documents, or any other assertion of incorrect: information to obtain grant eS will disqualify me from applying for, or receiving, funds from the DDP fora period of one year from date siaRpreatiy and thartlg DDP staff ang Committee reserve the niga for all final decisions. , he wat ansBtcant nfafte’ Potieay:!? 1 ONS Brooks», ad a Ves Applicant Signature: PKs Date: 0/-27- 93 Questions may be directed to: !nquiry@DowntownDoverPartnership.com Downtown Dover Partnership; 101 W. Loockerman St., Suite 1A; Dover, DE 19904; 302-678-2940 Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 i}

ATTACHMENT A —_ __ ve B \\ 3) oO} 2 —— \ FAM AW \ \ i i Priority DDP Downtown Designated Area* *The DDP may waive or permit variations to these guidelines. June 2022

ATTACHMENT B The following “Top Ten Priority Business Categories” have been shown by market research to be needed in downtown Dover. Microbrewery/Brewpub Restaurants/Hybrid Bars/Pubs/Snacks Millennial Tavern Healthy Living: gym, yoga, health and specialty Healthy Eating: vegan, organic, smoothies Farm Fresh/Ethnic/Green Grocers Apparel/Shoes/Accessories Jewelry, Gift and Novelty Destination Boutiques Personal Service 10. Specialty: wine, cheese, nuts, confections, oils, flowers cexag awd Downtown Dover Partnership - Retention/Expansion Assistance Program (REAP) June 2022 8