The Downtown Development Authority has been working hard to raise funds to offer local grant programs to create financial incentives for improvements in our Downtown District. The DDA is proud to offer two local grants to our district businesses. The funding for these grants directly come from the fundraising efforts of the DDA, through our Downtown Events, such as Brew Fest, Italian Fest, and Oktoberfest. We hope these grants will continue to attract new businesses, advance the beautification of our Downtown and preserve the rich history of the district.
FACADE IMPROVEMENT GRANT
The Architectural quality of the Iron Mountain downtown area is important to the entire city, its history, image, and economy. Proper improvements to the exterior appearances of individual buildings will help develop and uphold the appropriate image. Therefore, it is important that an organized and coordinated approach to exterior improvements be followed in the downtown area / DDA district.
The Iron Mountain Downtown Development Authority (DDA) has developed the Facade Improvement Grant Program to incentivize this coordinated approach. This program was designed to encourage the revitalization of historic properties within the DDA district. The program supports improvement to exterior building facades (front, sides, back) that eliminate blight and uphold the traditional architectural characteristics of the downtown. This is a matching grant program that will provide financial support to property owners for small and large projects that enhance the aesthetic appearance and functionality of the existing property.
Program funds up to 50% of proposed activity, or $10,000 per project, whichever is less. The total allocation for this program is $10,000 per year.
Open for Applications: Until March 19, 2020 by 4pm at IM City Hall
Mandatory Review Panel: April 1, 2020 at 5:30pm at IM City Hall
Spring Grant Awarded: April 23, 2020
Downtown Assistance grant Program
In an effort to maintain and enhance the integrity of Downtown Iron Mountain properties and businesses and promote further growth and development within the City’s downtown, commercial core, the Iron Mountain Downtown Development Authority (DDA) has created the Downtown Assistance Program (DAP). The purpose of the DAP is to provide financial incentive and assistance to property owners wishing to complete isolated construction activities, or procure professional services of various types to promote and enhance their business activity.
Program funds up to 50% of proposed activity, or $4,000 per project, whichever is less. The total allocation for this program is $8,000 per year.