Retail Development Infrastructure Grants provide funding support for infrastructure improvements for landmark retail properties within the City of McKinney.
Donor Name: McKinney Community Development Corporation
State: Texas
City: McKinney
Type of Grant: Grant
Deadline: 01/31/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
For the purpose of this program, “landmark retail” is defined as buildings within the historic downtown area with boundaries that coincide with the “Cultural District” designation; retail redevelopment opportunities at locations that are viewed as gateways into the city (e.g. Highway 5 and Spur 399 – and other locations along Highway 5; Virginia Parkway and 75). Retail is defined as: storefronts/shops, restaurants, specialty food venues, event venues, salons, grocery stores, drug stores, etc.
Funding Information
$50,000 is available for Retail Development Infrastructure Grants.
Eligible Improvements
The Retail Development Infrastructure Grants will fund infrastructure improvements that are exterior to a property, necessary to promote or develop new or expanded business enterprises, and include:
- Sewer
- Water
- Electric Utilities
- Gas utilities
- Fire suppression
- Drainage
- Site improvements including landscape and/or fencing required due to infrastructure improvements; walkways; parking.
Guidelines
- Applications must be completed in full, and provide all information requested, to be considered by the MCDC board.
- Applicant must have been in business (preferably within the City of McKinney) for a minimum of two (2) years. This requirement may be waived for economic development projects.
- Preference may be given to Applicants who have not received funding from MCDC within the previous 12-month period.
- Preference may be given to Applicants who develop and demonstrate multiple revenue streams to financially support Project/Retail Development Infrastructure/Promotional/Community Event requests – and are not applying to other City of McKinney entities (e.g., Arts Commission, City of McKinney Community Support Grants, Visit McKinney).
For more information, visit MCDC.