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There is hereby created an economic growth fund, which fund shall be separate and distinct from the general fund of the city. Said economic growth fund shall receive its revenue from the prepared food and beverage and alcoholic beverage tax collected by the city. The Comptroller shall account for this fund separately from the general fund.
(Ord. 9398, passed 12-16-2019)
Funds deposited in the economic growth fund may only be expended for economic growth, in the manner allowed herein. The expenditure of funds shall primarily focus on marketing, tourism and retail. The funds should be expended on projects and plans that further the Quincy Next Strategic Plan. Expenditure of funds from the economic growth fund shall follow the rules for expenditures established by the purchasing manual of the city.
(Ord. 9398, passed 12-16-2019)
This fund shall continue until all revenues deposited in the fund and earnings thereon from investments are entirely spent as provided in § 45.181 of this code.
(Ord. 9398, passed 12-16-2019)
BRING ENTERTAINMENT TO QUINCY (BET ON Q) GRANT PROGRAM
(A) Purpose. The City of Quincy has established the Bring Events To Quincy (BET on Q) Grant Program. The city will reinvest a portion of the revenue from the 1% food/beverage tax it collects into the program to provide financial support for local events. The goal of the program is to draw more people to Quincy, thus increasing business for the establishments where the food/beverage tax is charged.
(B) Program details. The grants distributed through the BET on Q Grant Program can be used to create a new event in the City of Quincy such as a single-day concert, multi-day music festival/street fair, tournament for traveling sports teams, or a large-scale convention/conference. The grants can also be used to expand an existing event in the City of Quincy by, for example, adding an additional day/night to the existing event, adding more acts/performers, or attracting higher quality activities/performers (“national activities/performers”) to an event. The idea is to reduce the financial risk organizers take on when they plan for a smaller large-scale event.
(C) The Quincy City Council will direct, each fiscal year, a portion of the revenue from the 1% food/beverage tax to fund the BET on Q Grant Program. The Mayor, with the consent of the City Council, will appoint community members to administer the grant program. Leftover funding from one fiscal year will be forwarded to the next fiscal year to allow for future use.
(Ord. 21-16, passed 4-7-2021; Ord. 9443, passed 5-23-2022)
(A) Priority will be given to an application based on the following as part of the review process:
(1) The daily/total attendance for an event;
(2) The daily/total number of hotel rooms that will be booked;
(3) The marketing/advertising plan outside Quincy and the surrounding area;
(4) The plan to share revenue with the BET on Q Grant Program;
(5) The percentage of the budget to be funded by the BET on Q Grant;
(6) The viability of the event, be it new or existing.
(B) Location. All events receiving a BET on Q Grant must take place within city limits.
(Ord. 21-16, passed 4-7-2021; Ord. 9443, passed 5-23-2022)
(A) Application deadline. Applications must be received at least 60 days prior to the event. They can be hand-delivered to City Hall (730 Maine Street) or through the mail (USPS, UPS, FedEx). Electronic submissions require prior approval.
(B) The BET on Q Grant Program Review Committee (Committee) will only consider completed applications filled out to the best of the applicant’s knowledge. The city will notify an applicant if an application is incomplete. Applicants will have 14 days to complete the application or it will be considered null and void.
(Ord. 21-16, passed 4-7-2021; Ord. 9443, passed 5-23-2022)
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