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DDA approves pilot business-retention grant offering up to $10,000 per business
Summary
The Royal Oak DDA approved a pilot business retention and recruitment fund that offers up to $10,000 in cash with a dollar‑for‑dollar match (minimum business cash $5,000), allowing partial in‑kind match for qualifying need and leaving eligibility and reporting parameters to the board.
The Royal Oak Downtown Development Authority voted to establish a pilot Business Retention and Recruitment Fund that will offer cash grants of up to $10,000 to downtown businesses, subject to a matching requirement.
Staff member Julia Calleaguer said the pilot responds to business‑owner requests for flexible support outside existing facade and mural programs and downtown dollars. "We evaluated the vacancies, we talked with business…
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