This grant reimburses retail storefront businesses for converting and upgrading previously non-retail properties in the LDDA to encourage additional retail development. Destination retail, craft, and culinary space businesses generating significant foot traffic are preferred. The program will provide a grant up to 25% of eligible project costs (not to exceed $22,500), from the LDDA and the Longmont Economic Development Partnership (LEDP) for qualifying improvements to qualified applicants. The total combined grant reimbursement amount may not exceed 50% of the total project. Before beginning the conversion, applicants must meet with the LDDA Executive Director and the Board of Directors to receive approval for the grant.
Prior to applying for grants, applicants must meet with the LDDA staff and submit completed applications for full review and approval. Approval of grants is required before applicants begin the project.