DDF’s financing products will feature such attributes as below-market interest rates, higher than typical loan-to-value ratios, and/or provision of equity. Two PPP loans in the same round? To ensure grant compliance, the Grants Administration maintains an ongoing relationshipwithHUD; trainsand monitorsCity departments that implementfundedprojects; supportsthe City Council-appointed. ACCESS TO CAPITAL: The SBA also issued new guidance on accessing capital for minority, underserved, veteran, and women-owned businesses. Businesses who submitted a complete initial application were eligible for selection in the lottery. As always, things may change at any time, so be sure to check the official website or registration page for the latest details. Two Dallas fintechs have joined forces to extend their reach among unbanked and underbanked borrowers. A partnership of the Office of Economic Development, Dallas Development Fund , and National Development Council designed the program to assist low-to-moderate (LMI) microenterprise business owners with 5 or fewer employees or small businesses with 50 or fewer employees that retain LMI workers within the city. PPP loans now only require 60 percentof funds to be used for payroll, , reports CFO Dive, along with more changes to the program earlier this month. The City of Dallas is looking , The City of Dallas Sanitation Services is hosting a hiring event for truck drivers. The program runs Jan. 25 to Feb. 15 andis limited to 20 people. This report does not include the results of the other auditors' testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. The Business Bounce Back program will help provide consultation, resources, and a built in support network to rally behind the business success.. Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? "This allocation will make it possible for us to continue our work in bringing good-paying new jobs and needed . Did the organization obtain separate, independent audited financial statements for the tax year? The dashboard is updated weekly and can be viewedon the Cityswebsite. Deadline is June 8. In Round One, grants were awarded in every council district and 95% of these grants are going to neighborhood businesses with revenue of less than a million dollars. How to help homeless Dallasites weather the storm, How to help feed people in need during Dallas winter weather crisis, second round of applications for its grant program, plan and implement a COVID-19 vaccination program. The first deadline is Nov. 4, 2020. according to the Silicon Valley Business Journal. The business also must be able to demonstrate a 15 percent or more loss of business due to COVID-19. Thelargest annual open-innovation matching event of its kind in Asia will be held online in March 2021, giving Dallas innovators a chance to take part with no travel required. The Revive Dallas Small Business Relief Fund will provide $5 millionfor entrepreneurs. A minimum of $1 million was used for the loan program; the remainder funded grants. CPMG Inc.: $259.6 million. Laredo-Webb Neighborhood Housing Services, Inc. Midland Community Development Corporation. The Federal Reserve has launcheda corporate bond-buying program. McKinney announced the second round of grants to small and home-based businesses in the city. The City of Dallas has reopened applications for the Small Business Continuity Fund (SBCF) grant program. 1610 S. Malcolm X Blvd., Ste. The. Another $3 million round of rent relief assistance will be distributed by December 2020. Compensation of CEOs at nonprofit hospitals, Net gain from sale of non-inventory assets. A $5M small business assistance program has opened in Dallas County. The newly unemployedand workers with reduced hours may be eligible to sign up for health insurance during a special enrollment period, per CBS Austin. Dallas Development Fund, as described in our report on the City's financial statements. City Council Agenda status: Final Meeting date/time: 4/12/2023 9:00 AM Minutes status: Draft Meeting location: COUNCIL CHAMBERS, CITY HALL bit.ly/cityofdallastv Attachments: April 12, 2023 Agenda Packet Meeting Items (89) 89 records Group Export Show: Legislation only Apply here. The move addsSBA lending and equipment finance to its offerings. To find out, you can take theLiftFund Quiz. . Businessesweregiventhe opportunity toapply fora $10,000 maximum grant or a $50,000 maximum loan. Projects can be submitted online here. Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government? The Small Business Continuity Fund (SBCF) program, a partnership between the City of Dallas Office of Economic Development, Dallas Development Fund (DDF) and National Development Council (NDC), continues to provide financial assistance to Dallas businesses impacted by COVID-19. Mayor Betsy Price and city leaders launch Fort Worth Now economic recovery task force, per CBS DFW. CONSENT . BCBS has a special health insurance enrollment period. The new nationwide movement and advocacy program called Small Unites aims to help small business owners and entrepreneurs thrive in the new normal with a $50M collective investment from a diverse group of companies. An additional 21 loans have been approved, totaling $615,900, bringing the overall amount of approved funding under the SBCF program to $4.5 million. Businesses could apply for either a grant or a loan and must demonstrate at least a 25% reduction in revenue as a result of the COVID-19 virus. Our vision is to be the voice of the City of Dallas by being the best at telling our stories. As part of the , The City of Dallas received recognition from FEMA Region 6 for its Class 4 Rating in the Community Rating System(CRS) , Check your mailbox to see if you were chosen to complete the community survey. People experiencing difficultyin obtaining a PPP Loan can contact their local SBA district office for assistance. How To Participate in Grants Budget Development. Apply by Jan. 19. Plus, you'll find more selections to "save the date.". Black entrepreneurs continue to innovate, but face bias and lack access to capital and opportunity in the venture capital community, receiving a disproportionately small amount of funding, said Paul Daugherty, chief technology officer at Accenture. More than $100 billion is still available. Find out how $6.2 billion in Paycheck Protection Program (PPP) loans were split, a new initiative to advance short-term COVID-19 economic recovery, an online portal to provide SMBs with resources for relief, kicked off by entrepreneur/football star Emmitt Smith, Calendar: Not-to-Miss Events for Innovators in Dallas-Fort Worth, The DEC Sets Dallas Startup Week 2021: Get Ready for 19Tracks, 3Summits, and StartupAlley, Goldman Sachs Launches 10,000 Small Businesses Fellows Internship Program in Dallas, Gov. Public facilities , Dallas Public Librarys catalog system returned to full operation on Friday after more than seven weeks of all-analog service at . Dallas' current award is $45 M (previous allocations were $55M in 2009 and $30 M in 2012)In 2014, a total of $3.5 billion in tax credit allocation was awarded nationwide263 CDEs applied for an allocation; 76 were awarded funds (28%)Total request of funds was $19.9 billion 17% of total request was awarded The City of Dallas Office of Communications, Outreach & Marketing has a mission to communicate City initiatives, programs services and events through public awareness, engagement and transparency. To date, ddf has closed $176.5 million in nmtc financing as of 9/30/2021. Total revenues $6,735,720 2021 20172018201920202021$0$4m Total expenses $6,397,785 2021 information about Dallas Development Fund Did the organization engage in an excess benefit transaction with a disqualified person during the year? Businesses with less than $5 million in gross revenues and fewer than 100 full-time equivalent employees may be eligible. For links to these organizations and others, go here. Get the latest business insights from Dun & Bradstreet. Beyond that, we are the only municipal CDE in Texas to receive its own NMTC allocation, ever., DDFs previous allocations in 2009, 2012, 2014, 2017 total $185 million and have supported numerous projects throughout Dallas, with a focus on Southern Dallas. Community organizations , The City of Dallas offices will be closed on Monday, June 19 in observance of Juneteenth. On Tuesday, Jan. 19, the PPP will open to eligible lendersregardless of size. Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? LGBT Community Center. Accenture Ventures has established a new Black Founders Development Program, which will support black technology startup founders and entrepreneurs. DALLAS The Dallas Development Fund (DDF), a community development entity (CDE) managed by the Office of Economic Development, was awarded a $55 million allocation in New Markets Tax Credit (NMTC) to continue making impactful investments in underserved areas of Dallas. The organization is not a private foundation because it is: An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). Our partners at the. Check out recipients of the monthly Pop-Up Grants here. SBA loans, which are evolving fast in the pandemic, are available to any small business. Applications are open until Sept. 25. Since July of this year, the SBCF program has funded 411 grants, totaling more than $3.9M in grant funding. The online portal, kicked off by entrepreneur/football star Emmitt Smith earlier this year, is hosted by the Dallas Regional Chamber to help locals find available jobs. Neighborhood Housing Services of Fort Worth and Tarrant County, Inc. to help street-level downtown businesses impacted by damage during the demonstrations with losses not covered by insurance or other means. Last year, the CEO knew it was critical to get ahead of the PPP curve to help customers with lifeline loans, re-engineering processes to work fast. The aim is to jointly develop a system in the U.S. for this project. Raising money through regulation crowdfunding just became a much easier way for entrepreneurs to get capital, thanks to a new provision from the U.S. Securities and Exchange Commission. Go here to view instructions for the new application and here for the Interim Final Rule on the process. Business and community development organizations, S31: Urban, Community Economic Development, Los Angeles County Economic Development Corporation (LAEDC), Community Improvement Corporation of Springfield-Clark County, Miami Beach Community Development Corporation (MBCDC), Dauphin County Economic Development Corporation, Lawrence Economic Development Corporation (LEDC), How to find nonprofit grants using the Form 990, Chief Operating Officer salaries at nonprofits. "To build for our future, Dallas must support programs and policies that provide and promote fair, affordable, and equitable housing," said Mayor Eric Johnson. The Small Business Administration was established in 1953. The City of Dallas Office of Communications, Outreach & Marketing has a mission to communicate City initiatives, programs services and events through public awareness, engagement and transparency. Dallas Development Fund provided $8 million in NMTC allocation to Pioneer Frozen Foods in June 2016 to support a View Details. NEW ROUND OF PPP LOANS: The Paycheck Protection Program will reopen on Monday, Jan. 11 for new borrowers and certain existing ones, the SBA announced today. Its hub of resources are intended to help small business owners and entrepreneurs make it through the uncertain times created by COVID-19. Healthy Relationships Community Grants initiative. Tenants behind on rent due to COVID can apply here. $2.5 million will be dedicated to supporting minority-owned businesses, with another $2.5 million is reserved for businesses located in the citys Neighborhood Empowerment Zones and Designated Investment Zones. Its last call, small business, for PPP loans. Soaring rents and home prices make it difficult for essential workers such as teachers, firefighters, retail clerks, and health workers to find affordable homes near good jobs and schools. We hopethat these loans willsustainsmall businesses that help make Dallas a vibrantcity full of economic growth and opportunity.. Builders of Hope will bring small business resourcesto West Dallas through a partnership withthe Dallas Collaborative for Equitable Development. Details on the 2020 SBCF applications and awards can be found here. Did the organization make any transfers to an exempt non-charitable related organization? In addition, the CDFI Fund has allocated more than $71 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and guaranteed bonds for over $2.1 billion through the CDFI Bond Guarantee Program. Tags:city of dallasdallasEconomic Developmentfinancial awardSBCFsmall business, DALLAS The Dallas Development Fund (DDF), a community development entity (CDE) managed by the Office of Economic Development, was , DALLAS The City of Dallas Rent Relief Program will be ending the current application period and closing its Rent , The City of Dallas wants to know what the communitys priorities are for the upcoming budget. Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? Heres how to get your family through an extreme weather event: Take these steps when critical services are affected by freezing temperatures, via The New York Times. The Arts Community Alliance, best known as TACA, has a new, broader grant-making initiative. Businesses were then ranked by lottery and placed in order to receive funding. / CBS Texas. Equinix is hiring managers, engineers, analysts, and many other positions. Created in 2009 by the Dallas City Council, DDF is a City-controlled non-profit organization that uses NMTC to provide funding for job-creating and social service projects in eligible low-income communities within the City of Dallas. Local startups can now be highlighted on the platform and participate in a campaign raise. Authorize a New Markets Tax Credit transaction between the Dallas Development Fund and its subsidiaries, JPMorgan Chase and its subsidiaries, and Vogel Alcove, and its affiliates for interior construction of a new childcare facility at 3662 Camp Wisdom Road - Financing: No cost consideration to the City : Not available: 23-1494: 1: 32. Up to 10 business owners will be picked to receive a $5,000 grant. TheCity of Dallas COVID-19 Rent Relief program, which is funded by the CARES Act, has madekey changes to make it easier for those in need to access the funds: Caps have been lifted to $5,000 for eligible applicants for up to six months (through December 2020) and landlords with eligible tenants behind on rent can begin the process on their behalf here. Heres what to know if youre under a boil water notice, via WFAA. Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? Dallas Development Fund lnterfa[th Family Services $8.2MM into its capital campaign, leaving a fundraising gap of $1.8MM on the $1OMM original capital campaign goal. Led by The DEC Network, this one-stop-shop of resources was created through a collaborative partnership that includes nearly 100 business support organizations across the North Texas region.
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