The St. Cloud Economic Development Authority (EDA) is launching two new grant programs to help downtown business owners and to increase curb appeal.
The Main Street Economic Revitalization Grants are state-funded grants that cover as much as 30% of a project up to $750,000. Funds can go to construction, planning, demolition or renovation. Applicants will receive priority if the projects revitalize properties affected by pandemic-related events in the past two years, support small businesses or advance further investment in the corridor, create affordable housing or support services such as child care, or enhance opportunities for minorities, women, veterans and other protected classes of entrepreneurs.
The downtown exterior improvement grants will be funded through the EDA, which will provide a 50% matching grant for costs up to $10,000 per property. The projects must be permanent exterior building or landscape improvements visible from the public right-of-way.
Eligible commercial properties must be within the downtown commercial corridor, which goes from Cooper Avenue to Lincoln Avenue and is about four blocks wide. Applications will be accepted through Sept. 23, with grants awarded in December.
JENNY BERG
DULUTH
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