The Town of Davidson is now offering the Davidson Main Street Business Grant for the eighth year. The Davidson Board of Commissioners approved $15,000 to fund this grant program for Fiscal Year 2021-22. The goals of the program are to provide direct financial benefit to small businesses, retain and create jobs in association with small businesses, and to spur private investment in association with small businesses located in Davidson’s business districts. Last year’s grant recipients were Masala Mastee, Davidson Provision Company, The Village Store, and 120 S. Main LLC.
The grant is a reimbursable, matching grant program. The minimum grant that may be requested is $1,000, and the maximum is $10,000. Private funds must be committed on a 2:1 basis, meaning that $2,000 in private funds must be committed to the project in order to qualify for a $1,000 grant. Funds may be used to support the rehabilitation of properties or for new construction. Funds must be used for exterior or interior improvements that are permanent. For example, funds may be used for windows, floors, etc., but not for tables and chairs.
Grant applications are currently being accepted. The first application period will be from now through October 31. Additional application periods will be on a 90-day rolling basis until all funds are allocated. The Historic Preservation Commission will review all grant applications and select projects to be funded.
All applicants must review the Davidson Main Street Business Grant Operating Guidelines and submit an application. Both documents can be found on the town’s website at www.townofdavidson.org/MainStreetGrant.
Those with questions can reach out to Economic Development Manager Kim Fleming at [email protected] or 704-940-9622.