FINANCIAL_SERVICESAWARDED

City of Burlington city Awards Financial Services Contract to Low Daily Brewery (April 2020)

Burlington approved a Revolving Loan Fund package totaling up to $115,000—$15,000 as a grant and $100,000 as a loan—to Low Daily Brewery to establish a new business in a vacant downtown building and create five full‑time positions. The award is conditioned on a companion agreement with WEDC.

Document date · April 8, 2020

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Grant $15,000; Loan $100,000 (total not-to-exceed $115,000)
Contract type
FINANCIAL_SERVICES
Renewal
Standard RLF loan terms and repayment schedule are not detailed in the agenda; renewal or extension provisions, if any, would be governed by the RLF agreement.
Document type
Agenda
Source document
City of Burlington Committee of the Whole Agenda April 8 2020

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Burlington city?

Low Daily Brewery was awarded this financial services contract by City of Burlington city, as recorded on April 8, 2020. The contract value is Grant $15,000; Loan $100,000 (total not-to-exceed $115,000).

How much is the Low Daily Brewery contract with City of Burlington city worth?

The Low Daily Brewery contract with City of Burlington city is valued at Grant $15,000; Loan $100,000 (total not-to-exceed $115,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Burlington Committee of the Whole Agenda April 8 2020 (Agenda), dated April 8, 2020 from City of Burlington city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Low Daily Brewery hold?

Low Daily Brewery may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Low Daily Brewery's profile

What is City of Burlington city currently buying?

Explore City of Burlington city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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