DO DOWNTOWN 

MEDC MATCH ON MAIN COVID-19 RESPONSE PROGRAM GRANT

The Iron Mountain DDA is applying for an MEDC (Michigan Economic Development Corporation) grant called the Match on Main COVID Response Program, which was just released.  The DDA will serve as the grant applicant and will apply for up to $50,000 to administer to small businesses located within the downtown district.  The goal of the DDA is to give up to 25 x $2,000 grants to eligible downtown businesses.

To apply for this grant, the DDA first will be accepting applications from downtown small businesses.  The DDA will then review these applications, and select up to 25 businesses will be included in the MEDC grant application.  If there are more than 25 eligible applicants, the DDA will select the 25 businesses to be included in the grant program by using a "lottery" system.

  

These grants may be used for working capital to support payroll expenses, rent, mortgage payments, utility
expenses, COVID-19 relief or recovery expenses or other similar expenses that occur in the ordinary course of
business. Additional needs identified by the business and supported by the DDA may also be
considered at the sole discretion of the MEDC. 

***DISCLAIMER: by applying for this grant, it does not guarantee that your business will be included with the grant application, and it does not guarantee that the IM DDA will be selected by MEDC as a recipient of this grant*** 

The turnaround time on this grant is very quick, the timeline is as follows:

Tuesday, May 19: Online application opens
Tuesday, May 26 by 4pm: Deadline for online applications from downtown businesses
Wednesday, May 27: Review of applications by DDA and selection of businesses to be included in MEDC grant
Friday, May 29 by 4pm: Deadline for DDA to submit grant application to MEDC
Wednesday, June 10: Notification from MEDC of grant award decision
Late June: grant funds disbursed (IF DDA IS SELECTED AS A RECIPIENT BY MEDC)

For more information on the MEDC grant program, go to https://www.miplace.org/match-on-main/

*Please note, this program is completely SEPARATE from the DDA's own Downtown Business Relief Fund that they are currently fundraising for.  If you would also like this application to be included in that program, there will be a separate section at the end of this form.

MEDC MATCH ON MAIN COVID-19 PROGRAM GRANT APPLICATIONS ARE CLOSED

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. 

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.

2020 GRANT CYCLE CLOSED

Grant applications are reviewed and updated each year, being released by January of the grant cycle year. 

Click below to view this year's application, to use as a reference for future projects.

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.

2020 GRANT CYCLE CLOSED

Grant applications are reviewed and updated each year, being released by January of the grant cycle year. 

Click below to view this year's application, to use as a reference for future projects.

501 S. Stephenson Ave.

Iron Mountain, MI 49801

906-774-8534

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