The Town of Davidson is pleased to offer the Davidson Main Street Business Grant for the seventh year. The Davidson Board of Commissioners approved $15,000 to fund this grant program for 2021. 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 our business districts. Last year’s grant recipients were Davidson Village Inn, The Soda Shop and Bonjour Y’all Bakery.
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 January 31, 2021. 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.