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This Solicitation opportunity from Rhode Island was posted on January 15, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

RFP-Rhode Island Venture Capital Fund

Closed
RFP-2502State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 531311
SLED
Housing Services – Property Management, Master Leasing, and Housing Based Supports
Solicitation # RFQu-26-0341-1
The City of Phoenix, through its Human Services Department, is soliciting statements of qualifications under RFQu-26-0341-1 for property management, master leasing, and housing-based supportive services for affordable housing facilities serving individuals experiencing or exiting homelessness. This is a request for qualifications rather than an immediate contract award; successful respondents will be placed on a qualified vendor list for a five-year term, making them eligible to bid on specific contracts identified by the City. To be considered, offerors must demonstrate at least five years of experience in multifamily property management or supportive services for homeless populations, possess all required Arizona real estate licenses for staff handling funds, and have the capacity to provide in-person services in Phoenix starting as early as October 1, 2026. The selection process is based on the most advantageous offer, evaluating factors such as the ability to screen applicants for HUD Area Median Income limits and the bidder's place of business. Mandatory submission requirements include a signed offer page, conflict of interest and transparency forms, heat safety compliance, and a certification regarding debarment. Awarded vendors must adhere to strict administrative and legal standards, including Davis-Bacon Act wage requirements, Build America, Buy America Act compliance, and non-negotiable insurance requirements. Contract administration involves bi-weekly invoicing in arrears with itemized receipts, monthly desk monitoring, and potential unannounced on-site visits by the City. Additionally, all personnel requiring facility access must undergo background checks and obtain security clearance from the Police Department.
Human Services

POSTED

9 days ago

DEADLINE

in about 2 months

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The Rhode Island Commerce Corporation is seeking proposals from qualified firms to serve as the fund manager for the Rhode Island Venture Capital Fund. The selected firm will establish and manage the Fund, which will be a partnership with the state acting as a limited partner. The program aims to allocate up to $2 million to the Fund Manager to support early-stage companies, defined as those less than five years old, generating under $1 million in revenue, with minimal prior equity funding, and having at least 50% of their employees based in Rhode Island. The Fund Manager is expected to match the state's investment, thereby leveraging additional resources to foster the growth of promising startups within the state. The solicitation, identified as RFP-2502, was posted on January 15, 2025, with a response deadline of January 31, 2025. The contract size ranges from $2 million to $4 million, emphasizing a significant investment aimed at nurturing early-stage companies that meet the specified criteria. The initiative is part of Rhode Island’s broader effort to stimulate local economic development through targeted venture capital investments, and interested firms can find additional details and submit proposals through the state's purchasing portal.

General Info

Place of Performance

RI, USA

Set-Aside

NONE

Documents

1
PDF, High priority: read this firstrfp
High

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyRhode Island Commerce Corporation
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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The Rhode Island Commerce Corporation (“Corporation”) seeks proposals from qualified firms for a fund manager to establish the Rhode Island Venture Capital Fund (“Fund”), and to act as the manager (“Fund Manager”) of the Fund in which the state will be a limited partner. This program may provide up to $2,000,000 to the Fund Manager to establish the Fund and manage and make investments in promising early start and start up companies, which are companies that (1) are less than 5 years old with under $1 million in revenue; (2) have not received any—or very minimal—equity capital, including pre-seed and seed funds; and (3) have a substantial presence in the State, including having at least fifty percent (50%) of its employees in the State (“Early-Stage Companies”). The Fund Manager will be required to match State funding.

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