The City of Marshall recognizes that healthy business districts play an important role in the vitality of Marshall and understands there are many challenges that businesses can face. The Facade Improvement Matching Grant Program aims to help revitalize and sustain business districts. The Facade Improvement Matching Grant Program is designed to help create healthy commercial areas by providing incentives to improve the appearance of building facades and stimulate private investment. The Facade Improvement Matching Grant Program will be capped at $50,000 or 12 months, whichever comes first.
Who can apply for a matching grant?
Building owners and commercial tenants (with property owner’s approval) can apply for a Facade Improvement Matching Grant if:
1. Project location must be within the City of Marshall,
2. They are located within a business district AND
3. The facade improvements are for a commercial business or commercial building.
For-profit and not-for-profit entities are eligible to apply, as long as the grant is used for a commercial building. Most commercial uses are retail and office; however, other uses may qualify, such as day care centers. Mixed-use buildings are eligible for the commercial portion for the building.
How much are the matching grants?
One matching grant can be a maximum of $5,000 per storefront/business address. All grants must be matched. 1:1 match means that every grant dollar must be matched by one dollar. Facade Grants will pay for 50% of the total project costs, up to a maximum of $5,000. Matching dollars can come from any non-facade Improvement Matching Grant source. Examples include private equity, loans, etc.