The City offers grants and incentives for new and existing businesses located in certain areas within the Urban Renewal District. Small Project Grants are targeted for areas near downtown and Large Project Grants can fund projects located anywhere in the Urban Renewal District boundary (PDF).
Review the funding options and supporting documents on this page and reach out to Management Analyst Jacob Thode with any questions or to discuss a project idea. More information about Urban Renewal can be found on the Urban Renewal page.
Redevelopment Toolkit Funding Options
Small Project Grants
|Program||Types of Use||Match Requirement||Maximum Grant|
Primarily for redevelopment projects, including assistance with preliminary design, structural review, exterior color, and awning selection.
|None||6 hours of free design assistance|
Improvements to existing external storefronts (windows, painting, awnings, etc.) and assistance with design standards.
|Signage||New or replacement permanent signage.||50%||$1,000|
|Examples: benches, planters, artwork.||50%||$5,000|
Large Project Grants
|Program||Types of Uses||Match Requirement||Maximum Grant|
|Forgivable Debt||For existing businesses that owe debt to the City.||None||$5,000|
|Loan Rate Buy Down||Will reduce a current loan business creation or development.||50 to 66% depending on the grant amount||$25,000|
|Environmental Assessment||Funds for Phase I or II environmental Assessment.||50%||$15,000|
|SDC Fee Reduction||Reduced System Development Charges to assist new development and upgrades for existing structures.||None||$25,000|
|Redevelopment||Alternative to fill funding gaps missed by other grants.||50 to 66% depending on the grant amount||$35,000|