The City of Sacramento is now accepting applications from eligible businesses and property owners in North Sacramento’s key commercial corridors to receive up to $240,000 in funding for tenant improvements, equipment purchases, and business consulting.
Donor Name: City of Sacramento
State: California
City: Sacramento
Type of Grant: Grant
Deadline: 02/28/2025
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Led by the City Council District 2 Office and managed by the Office of Innovation and Economic Development, the North Sacramento Business Investment Program was created to help the North Sacramento small business and real estate community recover from the negative economic impacts caused by the COVID-19 pandemic.
Divided into three tiers to address different needs, the North Sacramento Business Investment Program includes:
- Storefront Retailer Improvements
- This grant supports for-profit businesses with street-front retail locations on Del Paso Boulevard between Lampasas Avenue/Evergreen Street and Highway 160. Eligible businesses can apply for grants ranging from $100,000 to $240,000 for tenant improvements and equipment purchases or repairs to stabilize and grow operations. Recipients are also required to complete at least five hours of complimentary business technical assistance.
- Storefront Retailer Equipment Assistance
- This grant supports for-profit businesses operating commercially zoned, storefront retail locations within District 2. Eligible businesses can apply for grants ranging from $5,000 to $50,000 for equipment purchases or repairs to scale operations or create new revenue streams. Recipients are also required to complete at least five hours of complimentary business technical assistance.
- Restoration of Vacant Buildings for Tenancy
- This funding supports property owners of commercially zoned, vacant buildings or parcels with street frontage on Del Paso Boulevard between Lampasas Avenue/Evergreen Street and Highway 160. Eligible applicants can receive forgivable loans ranging from $100,000 to $240,000 for tenant improvements and equipment purchases to prepare spaces for occupancy. Properties must secure a tenant operating a retail storefront within one year of completed improvements.
For more information, visit City of Sacramento.
