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FUNDING REQUEST CAPS The TDC encourages applicant organizations to diversify financial support by securing other public and private funding assistance in addition to the Tourist Development Council Grants Program. To this end. the TDC employs a policy of recommending funds for events in a declining formula implemented over a multi-year period. In supporting tourist-oriented activities. the TDC observes the following reduction formula when recomm~nding funding for a specific event: YEAR NONPROFIT FOR-PROFIT I Initial Grant Recommendation Initial Grant Recommendation 2 No more than 90% of initial frant award No more than 66% of initial B'2M award 3 No more than 80% of initial Bant award No more than 33% of initial ..-ant award 4 No more than 70% of initial Bant award $0 recommended 5 No more than 60% of initial Bant award $0 recommended 6 Project is considered for a new cycle of funding based, in $0 recommended part, upon its demonstrated track record and the degree to which the project has increased its tourism and community imoact It is also TDC policy to consider asa new project, any event which moves more than ten (10) miles from its original site. The maximum amount of TDC funds that may be requested is $25,000. MATCHING FUNDS All applicants must meet the program's $1 :$1 grant match. Funding in one fiscal year does not guarantee multi- year funding. EVALUATION CRITERIA I ) Tourism Impact/Marketing Plan as determined by: · program content · projected attendance figures " tourism industry support including hotels. airlines, etc. " comprehensive marketing strategies · media coverage as evidenced by ads in travel publications or other outside publications/electronic media 2) QualityfTrack Record as determined by: · suPPOrt material (reviews, articles, catalogues, etc.) · reputation of the event · reputation of organization and its programs and services · history of organization and the event · nature and scope of the organization's program · impact and involvement of Miami-Dade's multicultural community in the program 3) Event Coordination/Management as determined by: · brief resumes of key administrative staff · project description and implementation · feasibility of organizational structure in carrying out the event " geographic location of program and project · effective evaluation methods · past events 4) Fiscal Feasibility/Accountability as determined by: " financial stability of the organization " broad base of fi~ancial support · previous administration of Council grants FY 1999-2000 T OUI ,51 Develop nent Council Gl'inu Progl'im Guidelires Page 3 of 7 11....