Do you own a business or property in Malone's Downtown Revitalization Initiative boundary (below)?

Do you have a building or business in need of smaller-scale improvements such as interior and exterior renovations or permanent equipment acquisition?

The Small Project Fund is a type of DRI project that could help fund a range of improvements in a downtown, such as building improvements (e.g., facades, interior fit-out, HVAC, etc.), business assistance (e.g., permanent equipment acquisition), or public art.

For the Small Project Fund to be included in the slate of proposed DRI projects submitted to the State, it is important to document interest in it. The Malone Local Planning Committee is seeking letters of interest from business and/or property owners to show that there are property and/or business owners interested in participating in this program.

However, submitting a letter of interest does not guarantee that a community will apply for a Small Project Fund as part of DRI. The project sponsor (e..g, the municipality or business improvement district) will also have to demonstrate interest and capacity to implement a Small Project Fund. Additional information about eligibility and requirements for the Small Project Fund can be found below.

Project Types & Requirements

The following is a description of eligible and ineligible project types.

Eligible activities include:

• Interior and exterior building renovations for commercial and mixed-use spaces, e.g. façade/storefront renovations, permanently affixed signage and awnings, commercial interior fit-out, HVAC, mechanical, electrical, or plumbing, and other permanent building improvements
• Upper-story residential improvements
• Business assistance / permanent commercial machinery and equipment
• Soft costs - architecture, engineering, and environmental review services as related to the improvements
• Public art

Ineligible activities include:

• Property acquisition
• Deferred maintenance or general repairs
• Working capital
• Landscaping
• Improvements to municipally owned or operated buildings
• Participant, participant’s family, or participant’s staff labor

Conditions

• The minimum match requirement is 25% of the total project cost meaning the business and/or property owner may receive reimbursement up to 75% of total eligible costs.
• This is a reimbursement program meaning that property or business owners must complete their projects (complete project scope, pay all contractors in full, and submit invoices and proof of payment) before receiving any reimbursement.
• Project awards are generally between $25,000 and $100,000 per building/project, with the grant request not to exceed 75% of the total eligible project cost.

Contact Information

Provide your contact information below

Download and complete the letter of interest template found at this link.

Certifications

Sign your name, provide your address, and mark today's date below to verify your application.