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A Resolution Approving the Expansion of the Business Assistance Grant Program and Grant Guidelines
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Introduction
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Staff is proposing the expansion of the Business Assistance Grant Programs to include three (3) new grant programs designed to assist new and existing businesses.
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Recommended Action
Approve the Resolution.
Prior Board Action
The Board has taken the following prior action:
* On September 30, 2025, the Village Board had a study session to review staff's proposal on expanding the Business Assistance Grant Programs. The Village Board gave feedback on the three recommended programs for staff to review and incorporate into the grant guidelines.
Background
The Village's long-standing Commercial Fa?ade Improvement Program (C-FIP) has supported over 40 businesses since its creation in 2018. The program was created to promote reinvestment in the Village's commercial buildings, with a focus on potentially supporting historical preservation practices.
As the "one-stop-shop" business support launches, staff have received an increase in inquiries from business owners who need financial support to adhere to certain Village requirements. The requirements vary depending on the use of the space and the square footage of its location.
As a result of the feedback received from businesses, staff is proposing the expansion of the business assistance grant programs to three (3) new grants, in addition to the successful C-FIP program. The proposed three (3) grants are:
* Interior Fa?ade Improvement Grant: 50% support of interior improvements of first-floor sales tax-generating businesses
* Climate Ready Business Grant: Up to 50% in support for businesses incorporating sustainable initiatives into their businesses
* Fire Safety Grant: 50% support of business needing to install fire alarms or sprinkler systems
Timing Considerations
If approved, the grants would be available for application submittal beginning Jan...
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