The City of St. Cloud Economic Development Authority is excited to announce two new grant programs for Downtown St. Cloud. Applications are now available for the Main Street Economic Revitalization Grant and the Downtown Exterior Improvement Grant. All businesses and commercial property owners within the St. Cloud Downtown Commercial Corridor (map below) are welcomed to apply for either program, depending on the scope of the proposed project.
The Main Street Economic Revitalization Grant is a state-funded initiative intended to provide grants for capital improvement projects in commercial corridors across the state that have been impacted by conditions that have arisen since March 2020. Grant awards can cover up to 30% of the project cost, up to a maximum of $750,000 (e.g. total project size $2,500,000 or more). Projects receiving $200,000 or more must comply with prevailing wage requirements (more information linked below) as required by the State of Minnesota. The minimum grant award is $3,000 (e.g. total project size $10,000 or more). This program is expected to be in high demand and competitive, view program details and frequently asked questions below for more information about the types of projects that will be given priority and link to the application portal. Applications close September 23. A link to the application portal can be found below.
The St. Cloud Downtown Exterior Improvement Grant Program provides incentives to stimulate external, visible investment in Downtown properties. Property owners and business owners are encouraged to consider improvements incorporating aesthetic, environmental, cultural and historical elements that enhance downtown character and architecture. These improvements should create a cohesive, attractive environment. The program provides a 50% matching grant for actual design and construction costs up to $10,000 per property on a pay-for-performance basis. Eligible projects include permanent exterior building and landscape improvements visible from a public right-of-way. Click below to view program details, frequently asked questions, and a link to the program application.