Outdoor heater grants for restaurants
The Downtown Partnership, in partnership with the City of Colorado Springs, has been granted money from Colorado Department of Transportation for the allocation of heaters to allow for outdoor dining to continue in comfort through the upcoming cold weather seasons.
Grant funds will be allocated on a first-come, first-served basis and will include a maximum of $250 when a business owner provides receipt of a purchase of a minimum of $500 for winter outdoor enhancements.
Businesses must be located within the Downtown Development Authority boundaries (MAP) and have an outdoor area for patrons of the businesses.
Deadline to apply is noon Oct. 14. Click the following link for application details.
Building Enhancement Grants
Building Enhancement Grants are designed to supplement or match funds for exterior building improvement projects on existing buildings within the DDA. The grant enables applicants to enhance their design with higher quality materials, lighting, signage and façade elements, improve public safety around the building, add new public ream enhancements such as landscaping or seating, and include new public art into the project design. These enhancements stimulate economic vitality within the DDA and help the DDA to achieve its goals as identified in the Plan of Development.
Download application here.
Special Project Grants
Special Project Grants are funds provided for initiatives that address the goals of the Experience Downtown plan but do not readily fall into the primary categories of Building Enhancements, Signature Events or major developments for consideration of Tax Increment Financing. These projects most likely could include feasibility studies or other studies and reports; public safety initiatives; or other efforts to enhance the economic vitality of Downtown. Eligibility and application details can be found in the application. (PDF)
Residential TIF Reimbursement Agreements
TIF Reimbursement Agreements are available for residential projects within the DDA that demonstrate strong alignment with the goals and action priorities of the Plan of Development. While projects are reviewed on a case-by-case basis, in general residential projects showing strong alignment with Plan of Development goals may be eligible for up to 75 percent of eligible cost TIF reimbursement. Projects deemed extraordinarily catalytic in nature – particularly those offering affordable housing — may be eligible for higher TIF reimbursement.
Commercial TIF Reimbursement Agreements
TIF Reimbursement Agreements are available for commercial projects within the DDA that demonstrate strong alignment with the goals and action priorities of the Plan of Development. While projects are reviewed on a case-by-case basis, in general, commercial projects showing strong alignment with Plan of Development goals may be eligible for up to 60 percent of eligible cost TIF reimbursement. Projects deemed extraordinarily catalytic in nature may be eligible for higher TIF reimbursement.