Commission hears update on Wyatt Economic Development Area grant program; three landowners leveraged $36,404.43
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Summary
Staff reported that the Wyatt Economic Development Area grant program received three applications in 2025 after the commission allocated an additional $25,000; the 50% grants (up to $5,000 each) leveraged $36,404.43 in private investment and staff does not plan to extend the program into 2026.
At the meeting staff provided an update on the Wyatt Economic Development Area grant program. Speaker 6 said that when the commission budgeted funds, staff recommended extending the 2024 grant program into 2025 and allocated an additional $25,000 for the program, which is administered through the Madison Township Board of Trustees.
The grant program offers 50% matching grants up to $5,000. Speaker 6 reported that three landowners used the program during the period covered and that the projects leveraged a combined private investment of $36,404.43. Based on the lower number of requests to date, staff said they do not anticipate asking the commission to extend the program into 2026. No formal action was requested or taken on this update.
Speaker 6 included a photograph in the meeting packet showing a restaurant that used funds for new signage. The update was informational; the commission heard the report and moved on to scheduling and adjournment.