The City of Superior is proud to offer Small Business Grant Program (SBGP) for qualifying local business owners and entrepreneurs within the City of Superior.
Donor Name: City of Superior
State: Wisconsin
City: Superior
Type of Grant: Grant
Deadline: 06/01/2023
Size of the Grant: $15,000
Grant Duration: 12 months
Details:
Mission
To provide grant-funding support for Superior’s new and existing small businesses who are investing in the community by improving, beautifying, and stabilizing their storefronts and streetscapes within the city. The City will focus on aesthetic improvements as being a priority for this program.
The City will provide a grant based on a sliding scale of 25-50% of the total eligible project costs. Complete grant applications will be reviewed quarterly as outlined in the grant schedule. A quarter of the program’s yearly allotted funds will be available during each application period. Each grant application is subject to approval from the SBGP Design Committee and final approval from the Common Council. Previous recipients of a Small Business grant must wait three years from the date of grant disbursement before they are eligible to apply again. All businesses and property locations associated with a previous grant recipient must also wait three years before being eligible to apply.
Funding Information
Funding is capped at $15,000 per grant and the applicant is required to contribute a minimum of 10% equity towards the project. Grant applications will be reviewed quarterly as outlined in the grant application documents. Grant award winners have 12 months to finish their project and submit receipts for reimbursement.
Grant Amount Based on Project Costs
- Total Project Costs: 0 -$10,000
- City Grant: 0-$5,000
- Total Project Costs: $10,001-$20,000
- City Grant: $4,500-$9,000
- Total Project Costs: $20,001-$30,000
- City Grant: $8,000-$12,000
- Total Project Costs: $30,001-$40,000
- City Grant: $10,500-$14,000
- Total Project Costs: $40,001-$50,000
- City Grant: $12,000-$15,000
- Total Project Costs: $50,001-$60,000
- City Grant: $12,500-$15,000
- Total Project Costs: >$60,000
- City Grant: $15,000.
Eligible Uses
Eligible uses include, but are not limited to:
- Façade treatments
- Building Improvements
- Signage
- Selected Commercial Kitchen Equipment (minimum value of $1,500 per appliance)
- Furnishings (booths, tables, chairs, etc.)
- Other uses considered on a case-by-case basis
- Equipment, furnishings, décor, etc. purchases must be new to the business location. Used product purchases are acceptable as long as they are new additions to the business.
- Equipment or Improvements with quotes over $25,000 must include 2 bids.
Eligibility Criteria
- Qualifying Businesses:
- Privately owned businesses with a commercial storefront or “brick & mortar” location
- Non-profits directly related to money generating food service or retail organizations
- Non-profit arts & entertainment organizations.
For more information, visit City of Superior.
