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Freeport council approves $300,000 EDC local business improvement grant program
Summary
Council approved the Freeport Economic Development Corporation's Local Business Improvement Grant program for FY25–26, authorizing up to $300,000 to reimburse up to 50% of qualifying small-business improvements under tiered caps and one $30,000 competitive "mega" award.
Freeport City Council on Oct. 1 approved a Freeport Economic Development Corporation (EDC) grant program that will make up to $300,000 available in FY2025–26 to reimburse small-business improvement projects.
The council voted to approve a resolution authorizing the EDC program after a presentation from Robert Johnson, EDC director. The program reimburses 50% of documented, qualifying costs for categories that include façade, sign and general property improvements (up to $10,000 per category), fire-suppression improvements (up to $25,000) and signage (up to $3,500). The EDC also will offer one competitive…
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