The City of Hyattsville has established the Corridor Investment Grant Program as a funding opportunity aimed at supporting private and non-profit partners engaged in creative placemaking projects, programming initiatives, and business development strategies. This program is designed to enhance the local community by providing financial assistance for various activities that contribute to the vibrancy and economic growth of the area. The grant offers funding up to $5,000, with specific allocations for different types of projects, and is available for a duration of three years.

The primary purpose of the Corridor Investment Grant Program is to foster community engagement and development through three distinct types of grants: Programming Grants, Public Placemaking Grants, and Business Development Grants. The Programming Grant, which can provide up to $1,500, supports public events or programming series that are collaborative and accessible to the public. The Public Placemaking Grant, offering up to $2,500, focuses on exterior improvements that enhance public spaces, such as street furniture and public art. The Business Development Grant, with a maximum funding of $5,000, is aimed at supporting business services, workshops, and a one-time Commercial Tenant Subsidy for underrepresented businesses.

Eligible activities for the Programming Grant include public events that are free to the public and collaborative in nature, requiring participation from at least three local businesses. The Public Placemaking Grant supports projects that improve the aesthetic landscape of public or publicly accessible areas, while the Business Development Grant is intended for new or relocated businesses in underrepresented markets, as well as for existing businesses seeking to enhance their operations through support services and training.

To qualify for the grant, applicants must meet specific eligibility requirements. For the Programming Grant, projects must be completed within six months of receiving the grant award and must not directly profit a single commercial entity. The Public Placemaking Grant requires that the improvements be maintained for up to 36 months, while the Business Development Grant is limited to businesses that are either new or relocated in an underrepresented market or certified as Women-Owned or Minority-Owned.

Submission requirements for the grant include a completed application that outlines the proposed project, its objectives, and how it aligns with the goals of the Corridor Investment Grant Program. Applicants may also need to provide documentation of their business status and any necessary permits for public events. Evaluation criteria will focus on the project's potential impact on the community, collaboration among local businesses, and the sustainability of the proposed improvements.

The application process for the Corridor Investment Grant Program is anticipated to open with a deadline for submissions set for October 25, 2024. Interested applicants are encouraged to prepare their proposals in advance to ensure they meet the requirements and deadlines. For further information, potential applicants can visit the City of Hyattsville's official website or contact the grant office directly via email or phone.