The Real Property Investment Grant Program is designed to assist new or relocating businesses, expanding businesses, and commercial property owners with the rehabilitation and redevelopment of interior and exterior spaces to visually enhance the local streetscape, and increase interest in the City of Portsmouth.
Donor Name: Portsmouth Economic Development Authority
State: Vermont
City: Portsmouth
Type of Grant: Grant | Reimbursement
Deadline: 01/31/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
The maximum grant amount available for any approved application is $25,000 per property address, for eligible improvements, for the life of the program. If the maximum grant amount is not exceeded, applicants may re-apply for the same property for the remainder of the $25,000 maximum total reimbursements.
Eligible Activities
Eligible improvements must be permanent and can include any combination of eligible interior, exterior, signage, and/or security modifications or enhancements.
- Interior Improvements
- ADA accessibility modifications
- Fire suppression and protection
- Improvements
- Flooring
- HVAC systems
- Interior electrical/lighting
- Interior plumbing
- Interior walls
- Permanent fixtures and equipment (i.e. exhaust hoods, ductwork, built-in freezer, etc)
- Repair or restoration of architectural detailing
- Security improvements including entry hardware, access control, cameras, etc (max $2,500)
- Structural improvements
- Exterior Improvements
- ADA accessibility modifications
- Decorative fencing
- Exterior lighting
- Exterior painting
- Improvements correcting code violations
- Landscaping and plants (max $2,500)
- Masonry repairs
- Permanent hardscape improvements
- Railings or juliet balconies
- Removal/replacement of incomplete exterior finishes and materials
- Restoration of architectural details or removal of materials that cover architectural details
- Roofing
- Screening of service and maintenance areas when visible from adjacent public areas
- Security improvements to include entry hardware, access control, cameras, etc. (max $2,500)
- Signage (max $5,000)
- Utility improvements
- Window and cornice flashing and repair.
Eligibility Criteria
- Properties within City of Portsmouth limits that are commercial, industrial, office, or mixed-use.
- Property owners, who are not the subject business owner, must improve vacant space to:
- Create a vanilla shell in order to market the property, or
- Complete tenant improvements for an under-contract new tenant entering into a lease
- New or existing business owners who are leaseholders and applying for grant funding for tenant improvements must have documentation in the lease that the tenant is responsible for improvements.
- Entities of local, state, or federal government, religious organizations, and residential-use businesses are prohibited from applying.
For more information, visit EDA.
