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North St. Paul EDA advances draft downtown façade grant; final approval set for next month
Summary
The North St. Paul Economic Development Authority reviewed a draft façade improvement grant for downtown businesses that would reimburse up to 50% of project costs (maximum $20,000 per project) and set a program cap of $200,000 for the year. Staff will finalize the program and return with a revised packet next month.
The North St. Paul Economic Development Authority reviewed a draft façade improvement grant program for downtown businesses and directed staff to return next month with a final version for approval.
The draft program, described to the authority by staff, would reimburse 50% of eligible project costs to a maximum grant of $20,000 per property and would require a minimum project cost of $10,000 (a $5,000 minimum grant). The authority set an overall annual program cap of $200,000. Eligible work noted in the draft includes restoration of exterior finishes and materials,…
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