Delaware Commercial Corridor Initiative

The State of Delaware is seeking a professional services firm to administer the Delaware Commercial Corridor Initiative (DCCI), a statewide grant/financing program that pairs public grant funding with private capital to revitalize commercial corridors and support existing brick‑and‑mortar small businesses. The vendor will design and implement the program, manage application intake, evaluate proposals, disburse grant funds (capped at $25,000 per business), ensure at least 85 % of funds go to eligible businesses, conduct outreach, and provide extensive reporting and compliance documentation. The contract is for one year with two optional one‑year extensions, and the total program funding is $4.5 million. • Core responsibilities include program administration, grant disbursement, capital coordination, business outreach, and compliance reporting. • Required deliverables: design documents, monthly usage reports, quarterly subcontractor diversity reports, annual status reports, and final close‑out. • Vendor must have experience in small‑business financing, grant administration, and public‑private capital coordination, and must maintain specified insurance coverage. • Compensation is based on a fixed‑price fee (price must remain valid for 12 months) and may include up to 15 % of each grant for administrative costs, with a potential total fee up to roughly $675 k (15 % of $4.5 M).