Applications for the City’s Commercial Façade Grant program are now being accepted for the 2018 construction year. The Commercial Façade Grant program was introduced ten years ago by Mayor Tom Henry and provides local businesses the opportunity to apply for matching grants to improve the exteriors of their buildings.
Applications are available at Lindsey.Maksim. Applications for the grants will be accepted from now through December 16, 2017.
The Commercial Façade Grant program makes funds available to businesses in the core of the city in areas designated as Economic Development Target Areas, or EDTAs. Business corridors along Wells, State, Calhoun and Taylor streets, as well as Broadway, are all located in EDTAs. Through the program, grants are made to business and property owners to help offset the costs of façade renovations, signage, lighting, awnings, parking improvements, decorative fencing, and other enhancements owners want to make to the exterior of their property.
Buildings with a single business are eligible for up to a $20,000 matching grant; buildings or sites with multiple businesses are eligible for up to $40,000. Funding comes from the Community Economic Development Income Tax, or CEDIT fund.
Since Mayor Henry kicked off the Commercial Façade Grant program in 2008, 92 façade improvement projects have been completed or are in the process of being completed, generating a private investment of just under $5 million.