The TKPK Business Investment Grant (BIG) is available for businesses looking to locate, grow, or expand in the City of Takoma Park.
Donor Name: City of Takoma Park
State: Maryland
City: Takoma Park
Type of Grant: Grant
Deadline: Ongoing
Details:
Funds are intended to support capital expenditures and hard costs related to new business fit-out or existing tenant improvements.
Eligibility Criteria
In order to be eligible for the Grant, applicants must:
- Be located in the City of Takoma Park;
- Be in Good Standing with the State of Maryland and in compliance with all City, County, and State regulations;
- Have a valid Use & Occupancy Certificate;
- Have an actionable lease agreement or ownership deed to the property;
- Submit actionable quotes for all eligible project components.
Eligible Uses
The BIG Grant can be used for capital expenditures related to a business start-up, expansion, or relocation within the City of Takoma Park. Eligible expenses may include, but are not limited to:
- Exterior Property Improvements: signage, lighting, ADA accessibility, repainting, awnings, windows/doors
- Interior Fit-Out: display racks, seating areas
- Capital Equipment: production equipment
- Hard Costs associated with the activation of a previously vacant commercial property*
*Note that all applicants must have a Use & Occupancy Certificate and signed lease prior to the distribution of any Grant funds.
For more information, visit City of Takoma Park.
