What is the Strategic Initiative Community Grant (SICG)?
The SICG is a grant program created by the Strategic Initiative Committee of the Development Authority of Fulton County (the “Development Authority” or the “Authority”) for the purpose of contributing to projects within Fulton County focused on Affordable Housing, Jobs and Workforce Development, Small Business Growth, and Educational Support.
Why was the Strategic Initiative Community Grant created?
The Board of the Development Authority of Fulton County (the “Authority’s Board”) saw various needs throughout the County that could be addressed in meaningful ways. In partnership with Select Fulton and the economic development goals of the County, the Development Authority has the ability to impact change. The Authority has a sizeable amount of reserve funding that the Board determined a portion of would be best allocated to invest in certain organizations that serve Fulton County. Selected organizations will make a difference in at least one of 4 specific focus areas including housing and infrastructure; jobs and workforce development; small business growth; and education.
Who may apply and who qualifies for the SICG?
Any organization that serves Fulton County, Georgia with a current business license to operate may submit a SICG application and be considered for funding in an amount not to exceed $500,000. Please note, these funds may only be used for programmatic purposes and may not be used for operations, salaries or overhead.
A qualifying for-profit business must meet the following criteria:
· Holds a business license (as required for those businesses by State, Federal, or Local law)
· Letter of Good Standing
A qualifying non-profit business must meet the following criteria:
· Can provide a copy of the organization’s IRS Determination Letter
· Letter of Good Standing
Other requirements are detailed throughout this application.
What are the Grant sizes?
Applicants may apply for any amount of funding not to exceed $500,000 and in unique circumstances additional funding may be available.
How do you Apply
How will SICG Applications be reviewed?
Applications will be reviewed as they are received. At the end of the application period, grant applications will be scored and awarded depending on eligibility and alignment with DAFC goals. Incomplete applications will not be reviewed and will not be considered.
How much funding can an applicant potentially receive?
Applicants may receive grants up to $500,000 and in unique circumstances the Strategic Initiative Committee may consider recommending more. The Authority’s Board will make yearly allocations so if an applicant is not awarded this year, they may reapply the following year. All applications are subject to review and approval of the Authority’s Board following a recommendation of the Strategic Initiative Committee.
SICG Application Questions
The following questions must be answered and submitted in addition to a project narrative that provides how the funding will be used.
The applicant acknowledges that approval and funding of SICGs is at the sole discretion of the Authority’s Board. The Authority is under no obligation to approve or fund any SICGs in any year. In addition, the Authority’s Board may reject any SICG application for any reason.