**NOW ACCEPTING APPLICATIONS **
Fill out the Application here!
Program Intent:
Stewartville’s Economic Development Authority (EDA) was established to attract, promote, and develop an economically sound future for the City. The EDA continues to be a professional advocate for the business community; they provide ideas, information, financial packaging, and expertise in business development and retention. The EDA’s objective is to make Stewartville an even better place to live, work, and do business.
The EDA established this short-term program with the intention to enhance and improve the outward appearance of buildings and/or other areas of Stewartville’s Highway 63 corridor. This program is designed to encourage the beautification of existing property exteriors and enhance the general character of properties located on Highway 63 in Stewartville; as such, improvements must be visible from Highway 63.
Program Funding:
$25,000 total has been designated for this program.
Duration:
The Program will accept applications in two rounds. Applications will be reviewed in the order they were received.
Round 1: For commercial properties that have not received EDA funding/assistance within the last five years (excluding COVID-19 programming). Applications will be accepted from January 17, 2024- March 1, 2024.
Round 2: For all eligible properties. Applications will be accepted from March 2, 2024-July 31, 2024, or until all funding has been committed—whichever occurs first.
All projects must be completed with submitted invoices and completion photos on or before December 31, 2024. Any projects not completed and/or submitted for reimbursement by that time will not be eligible for reimbursement irrespective of approval.
Matching Grant:
Up to $5,000
Match Requirement:
Dollar-for Dollar
Eligible Properties:
Existing commercial buildings on Highway 63 in Stewartville City Limits. This may include businesses on the Highway or directly adjoined to it. Eligible properties must be Central
Business District or Highway Commercial zoned properties excluding those properties that are used for residential purposes.
*Please note: Property must not have any outstanding obligations to the City (including delinquent payments or property taxes), applicant must either own the property or provide written
authorization of the project, and project must have all required permits and approvals (if necessary).
Eligible Projects:
Projects that enhance and improve the aesthetics of the City’s Highway 63 Corridor. Projects must be highly visible. See list of eligible project items in guidelines document.