The City of Princeton Economic Development Corporation New Restaurant Incentive Grant Program provides funding for authorized improvements such as the installation of a Grease Interceptor, Water and Waste Water Lines, Fire Sprinklers and Alarm Systems.
Donor Name: City of Princeton
State: Texas
City: Princeton
Type of Grant: Grant
Deadline: Ongoing
Size of the Grant: $25,000
Details:
The grant applies only to new installations for sit down dining restaurants that provide greater than 200 person seating capacity or greater than 3,800 sq. ft. of sit down dining.
Funding Information
The New Restaurant Incentive Grant has a maximum available funding amount of $25,000 under the following conditions:
- Have a seating capacity greater than 200 $10,000
- Construct a free-standing building greater than 3,800 sq.ft. $10,000
- Provide a full-service bar $5,000.
Eligibility Criteria
- Must be a new building or location located within the city limits of Princeton.
- Eligible improvements shall not begin before the application is considered by Princeton Economic Development Corporation.
- Improvements must comply with all applicable state and local code requirements.
- Eligible Improvements Include (but are not limited to):
- Fire Sprinklers
- Fire Alarms
- Grease Interceptor
- Underground Waste Water Lines
- Have a seating capacity greater than 200
- Construct a free-standing building greater than 3,800 sq. ft.
- Provide a full-service bar.
Application Requirements
- Drawings or renderings of project proposal approved by the City of Princeton Development Department.
- Completed incentive program application signed by the applicant and the owner of the property (if different from the applicant).
- Cost Proposals: Two (2) written cost proposals from bona fide tradespeople, contractor or supplier whose business is located within the Princeton City limits (where applicable).
- Contractor Qualification: One (1) completed “Statement of Contractor’s Qualifications” form for each cost proposal. Contractors must be registered with the City of Princeton.
- Written description of project proposal.
For more information, visit City of Princeton.