Business Growth Grant Program
As part of the Partners in Economic Recovery Program, the Business Growth Grant program is accepting applications with both hard and soft project costs. Applicants are no longer required to match program funds 10:1 and are now required to match 2:1.
This grant program provides assistance to businesses undergoing a significant renovation project (both interior and exterior renovations are eligible) to enhance operations and promote economic activity. The total value of the project must be at least $10,000 in construction costs.
Eligible Applicants: Any for-profit business compliant with all State, County, and Town requirements. All taxes and fees must be current at the time of application and remain current as a requirement of the grant. A claw-back provision applies.
Geographic Boundary - Commercial or Mixed-Use Zones.
Maximum Award - Grant not-to-exceed $5,000.
Open Period - Applications are accepted on a continual basis. Applications received are reviewed in the first week of the following month.
Required Match - Minimum investment of $10,000 in construction costs.
Use Restriction - Ineligible uses of this grant includes; business operating expenses, and payments on loans.
All programs and initiatives are subject to funding availability and the Town reserves the right to amend, modify or cancel this program at any time with or without notice.
Up to two (2), five-thousand-dollar ($5,000) grants may be made in FY2018. This program is funded by the Economic Development Fund.