Item 3 Supporting Document — original pdf

Backup

Austin Live Music Fund - Update Music & Entertainment Division Economic Development Department Music Commission Meeting – December 2, 2024 2024 Austin Live Music Fund – Latest Stats • 136 grant awards accepted so far out of 137 total grant awards (99%) agreements (94%) • 128 signed agreements so far out of 136 total grant • 133 completed Grant Agreement Orientations so far out of 136 total awardees (98%) • 129 completed Financial Information Forms out of 136 forms sent so far to awardees (95%) • 115 first payments paid so far out of 136 total awardees • 18 second payments paid so far out of 136 total awardees (85%) (13%) C I T Y O F A U S T I N Austin Live Music Fund – Proposed 2025 Improvements to Date 2025 Grant Award Budget - $4,800,000 • $300,000 award budget for $5,000 grants for 60 emerging artists (1-year agreements) • $3,500,000 award budget for $20,000 grants for 175 Professional Musicians and Independent Promoters (2-year agreements) • $1,000,000 award budget for $60,000 grants for 17 Live Music Venues (1-year agreements) Scored Points • Removal of Access to Services question related to banking • New scoring section for Professional Musicians and Independent Promoters who have actively contributed to Austin’s music ecosystem for at least 10 years C I T Y O F A U S T I N Austin Live Music Fund – Proposed 2025 Improvements to Date Application Set-Up • Every application question will have multiple-choice answers • The process for applicants to share evidence for their selected multiple-choice answers will be streamlined and simplified to ensure each selected answer is backed up by evidence for scored points. The applicant will be unable to move forward in the application if a selected answer is not backed up with evidence • Narrative sections will only appear when an applicant has provided evidence for a multiple-choice answer to explain the evidence for reviewer consideration. As in 2024, the narrative sections are NOT SCORED and should be short and to the point. C I T Y O F A U S T I N Austin Live Music Fund – Community Feedback • City Staff looking forward to receiving Live Music Fund Working Group feedback for additional improvement considerations • Community feedback will be gathered through a City of Austin “Speak Up Austin” website for the 2025 Austin Live Music Fund • Through Speak Up Austin, community will provide their specific feedback on each proposed improvement, as well as share their ideas for additional improvements, beginning in early January 2025 • The 2025 Austin Live Music Fund will launch in May 2025 C I T Y O F A U S T I N