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Writing Sampe #2-Funding plan for B21-463

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Writing Sampe #2-Funding plan for B21-463

  1. 1. June 2016 Funding Sources For B21-463 TABLE OF CONTENTS Local Funds​- pg. 2 Supplemental Federal Funds ​- pg. 3 Public/Private Partnership Opportunities ​- pg. 4 Supplemental Private Foundations​- pg. 5 1
  2. 2. Highlights ● $3.3 Million​- DC Investment Revenue ● $1 Million​- DC Jail Commissary ● $800,000​- Unused Funds and & Salary Lapses ● $21 Million​- AG Fund/Litigation Fund ● $43,000​- DC Human Rights “Ban the Box” Funds (excluding those sent to aggrieved party) ● $$$ ​- Unused DOES funds for local adult training (excluding WIOA) Local Funding Sources FUND SOURCE FY2016 FY2017 & BEYOND USE NOTES OBJECTION FROM MAYOR'S OFFICE Local Asset Forfeiture Fund $30,000 yes GED & FUND Federal funds are $680,000 and must go to law enforcement activity. Yes (MPD) Investment Revenue DC $3.3 million Yes, variable GED & FUND 1 unknown TIF Saving Expenditures $2.6 million no GED & FUND $7.3 million is available in FY 2015 and $2.6 million is available in FY 2016. Proposed to be allocated: $2.3 million for Community College of the District of Columbia, $6 million to Waste Transfer, $900,000 for Film Incentive Fund, $900,000 for the Clean Team Living Wage and $280,000 for Wilson building.2 Maybe Non-Lapsing Fund for the AOG/Litigation recoveries $21 million yes, variable GED & FUND N/A Partly Allocated DC Jail Commissary $1 million yes, same level GED & FUND The fund receives revenue from the purchase of items by inmates. Not allocated Unused Savings from Vacancies and Salary Lapses $2 million yes, variable GED & FUND Funds available because of salary lapse savings and lower-than-anticipated expenditures in contractual services and supplies. From several departments including the DOC. 3 unknown Fair Record Sealing Act of 2014 $43,000 yes, variable GED & FUND Funds that have gone to Department of Human Rights (excluding amount paid to those discriminated against).4 DC Human Rights Unused Funds from DOES: local adult training funds unknown yes, variable GED & FUND DOES on record reporting local adult training funds not spent in prior years. .5 unknown 1 ​Source. http://app.dc.gov/pdf/DC_CAFR_Final_web­3.pdf 2 ​Source: http://oca.dc.gov/release/city­administrator­testifies­fiscal­year­2016­proposed­budge 3 ​http://lims.dccouncil.us/Download/33642/B21­0157­CommitteeReport1.pdf 4  2016 DC Auditor REport: OHR levied fines, also termed settlements, on employers in 71 cases. The average settlement amount was $1,217 and ranged from a low of $100 to a high of $2,500.   The settlement, which is split equally between the District and the complainant, provides incentives for those who have had their rights violated to file a complaint.  5 ​Previous testimony of unused local funds. 2
  3. 3. Highlights ● 1% of $88 million ​- Second Chance Act ● Over $1 Million​- WIOA ● $4 Million​- Department of Labor ● Around $300K​- Department of Commerce Supplemental Federal Funds WIOA Adult Employment and Training Activities $2 million yes, 2015-2020 GED & CAREER PATHWAYS Limited to GED and career support services. Cannot be used for entrepreneurial training for adults under the age of 14. Entrepreneurial education is available for students 15-25 (out of school youth should be at least 75% of the focus). Priority use of funds is for services to public assistance recipients and other low income individuals.6 WIOA: Competitive Grants Small % of $750 Million yes, 2015-2020 TRAINING/GED $750,000,000 is provided for a program of competitive grants for worker training and placement in high growth and emerging industry sectors. Of the total, $500,000,000 is to be used for research, labor exchange, and job training projects that prepare workers for careers in energy efficiency and renewable energy industries. Department of Labor $4 million - ADULT TRAINING +CHILD CARE Solicitation passed .Must be public-private partnership. ​​Adult training Plus Funding for Child7 care-Strengthening Working Families Initiative(SWFI) Second Chance Act (nonprofit only) 1% of $88 million yes (depending on congress) BUSINESS EDUCATION/TRAINING /REENTRY PROGRAMS https://www.doleta.gov/REO/training_to_work.cfm US Department of Commerce $100,000 $800k--$1 million PLANNING OF ENTREPRENEURIAL ECOSYSTEMS Cities may apply. Funds technical assistance, public works, planning, economic adjustment assistance. In Vermont, they helped capitalize an energy efficiency revolving loan fund in the Burlington region that is expected to help up to 150 small and medium-sized businesses achieve energy savings in a region with historically high energy costs. A DC nonprofit has received $30,000 for their work in small business empowerment. Baltimore was given $300,000 to open an Entrepreneurship Center to support micro-business owners 8 Department of Housing/SBA grant not announced yet % of 2.5 million RENOVATION/REPAIR/ ACQUIRE OR EXPAND OFFICE SPACE Eligible local governments to assist existing, small businesses and entrepreneurs to expand their businesses and create jobs, and establish outreach efforts to market available forms of economic development technical assistance that would foster an entrepreneurial environment within the community. (Capital projects/land/lease/development/renovations/repairs) SBA Teaming Project $200-$500, K Not sure DC nonprofit already received grant in the past. Small Business Administration, Office of Government Contracting, Tel: (202) 205-7344. Department of Agriculture not announced yet $20 million TRAINING FOR SNAP RECIPIENTS Funds pilot program for skills for SNAP recipients. Funds can test out new programs. Dept of Health & Human Services not announced yet % is $17.7 million Community Economic Development grants to Community Development Corporations to enhance job creation and business development for low-income individuals.   6 ​Source: https://www.doleta.gov/budget/docs/15adu$.pdf 7 ​https://www.doleta.gov/grants/pdf/FOA-ETA-16-05.pdf 8 ​http://www.eda.gov/annual-reports/fy2014/states/dc.htm 3
  4. 4. Highlights ● Over 1000 microloans created every month​- KivaZip ● Low Interest Loans (big & small)​- Small Business Administration Public or Private Partners   FUND SOURCE FY2016 FY2017 & BEYOND USE NOTES Kiva Zip No limit No limit SEED MONEY FOR PARTICIPANTS A micro-loan platform SBA’s Small Business Investment Company (SBIC) Program - - DEBT & EQUITY FINANCING Promising businesses in need of debt or equity financing for capital expenditures. DC can allow for the creation of a SBIC (local investment firms) focused on returning citizens Proceeds from the sale of tax-exempt issuances may be used to finance, refinance and reimburse costs of acquiring, constructing, restoring, rehabilitating, expanding, improving, equipping and furnishing real property & related facilities SBA Surety Bond - - SURETY BONDS Program helps small business contractors who cannot obtain surety bonds through regular commercial channels; SBA can guarantee bonds for contracts up to $5 million. SBA 7A Funds & 504 programs 1% of $24 billion 1% of $24 billion LARGE LOANS DC only gets 7(a) funds currently ($123,722,000 of which it is not clear if disadvantaged populations have access to those loans. ​Ask the SBA for an MOU whereby 1) community banks in neighborhoods with higher # of returning citizens 2) allow for vetted DC residents can get access to larger 7(a) (around $20 billion per year) and 504 programs ($4 billion per year). 9 9 ​Source: https://www.sba.gov/sites/default/files/WDS_Table2_GrossApproval_Report.pd 4
  5. 5. Highlights ● Over $1 Million​in Funding given to Cities for Inclusive Entrepreneurship - Case Foundation & Bloomberg Foundation ● Disperses over hundred micro loans ​each month - KivaZip Supplemental Private Funding Sources FUND SOURCE FY2016 FY2017 & BEYOND USE NOTES Kauffman Foundation $50,000 or $250,000 FUND ENTREPRENEURSHIP EDUCATION Workforce development or public/private universities. Funds operating support for entreprenuership programming but mostly research around entreprenuership http://www.kauffman.org/grants/grants-list The Case Foundation and Bloomberg Foundation - - FOCUS ON INCLUSIVE ENTREPRENEURSHIP Case Foundation; partners with local jurisdictions.   5

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