The Economic Development Catalyst Program is designed to promote the enhancement of the community through assistance with the costs of improving the look of the exterior of existing commercial facilities.
Donor Name: City of Buckeye
Type of Grant: Grant | Reimbursement
Size of the Grant: $10,000 to $100,000
Grant Duration: 1 Year
The main objective of the Economic Development Catalyst Program is to promote the rehabilitation of existing commercial, industrial, or mixed-use toward improvement costs.
All commercial, industrial, or mixed-use properties (except residential uses in a mixed use district) located within the municipal boundaries of the City of Buckeye are eligible for consideration provided that the proposed projects accomplish an Economic Development Purpose as determined by the City. Improvements to a building façade, permanent landscaping, public parking facilities, and other improvements necessary to bring the property into compliance with applicable city code may be eligible.
- The City Council has allocated a total of $250,000.00 for the program in the 2024 fiscal year of which $117,000 is available for round two.
- Approved projects may receive reimbursement upon completion of the work up to a maximum amount of $50,000.00. The property owner is required to contribute funds toward the approved project equal to at least twenty-five percent (25%) of the approved project up to $25,000.00, and at least fifty percent (50%) of the approved project between $25,001.00 & $50,000.
- Projects awarded funding must be completed within the same fiscal year that the program documents are signed (each fiscal year runs from July 1 through the following June 30).
Proposed projects shall be on property located within the municipal boundaries of the City of Buckeye, and must be zoned commercial, industrial, or mixed-use (or within the Downtown Overlay Zoning). A person, corporation, association, or other legal entity holding fee simple title to the property is eligible to apply for funds. The application may be made directly by the property owner or by an agent authorized in writing to act on behalf of the property owner. If the real property is under joint ownership, the application must be on behalf of or with the authorization of all of the owners of the real property.
For more information, visit City of Buckeye.