The Village of Ruidoso is offering a matching grant program for existing small businesses looking to make facade improvements.
Donor Name: Village of Ruidoso
State: New Mexico
Village: Ruidoso
Type of Grant: Grant
Deadline: 12/02/2022
Size of the Grant: $40,000
Details:
The Village of Ruidoso Facade Improvement Grant Program aims to revitalize properties in the Ruidoso MainStreet district by providing financial assistance to building owners and tenants with property owner approval for the improvement and maintenance of existing commercial buildings. Financial aid is made available to provide a visual impact on the exterior, thus improving the marketability of the general area.
Communities implement a facade program to help create a more dynamic atmosphere for customers by assisting businesses/owners in revitalizing their building storefronts. This type of program enhances the appearance of a shopping district and helps attract new customers. It also acts as a tool to attract new businesses while assisting existing businesses to improve their storefront, adding artistic features associated with their brand, increasing store appeal, and adding value to the shopping experience. Visually appealing storefronts contribute positively to the streetscape and help create a more walkable atmosphere for customers to enjoy.
Funding Information
The Village of Ruidoso received $230,000 from the State of New Mexico for this program. All projects must be reviewed and approved by the Facade Improvement Committee. Participants must expend private funds and will be reimbursed for qualified expenditures up to, but not exceeding, 75% of eligible expenditures up to $40,000. Facade projects must be completed by April 30, 2023, or the grant funds will be forfeited back to the Village of Ruidoso.
What Sort Of Improvements Does The Grant Support?
Eligible items include:
- Design Assistance
- Signage
- Awnings And Canopies Storefront Facades
- Exterior Paint Programs
- Maintenance Projects
- Building Entrances
- Doors
- Windows,
- Brick, Stone, Tuckpointing Wood, or Other Building Surfaces Material
Criteria
Any property or business owner whose property lies within the Ruidoso Mainstreet district is eligible for the program. The funds can be used to upgrade and rehabilitate the exterior facade of their buildings. Tenants may apply for assistance with the consent of the property owners. This is a reimbursement grant; therefore, only after a project is paid for will the grant money be given. All work must take place after the application is approved for an award. Proof of payment must be shown to receive a reimbursement. Financial assistance will only be available to those projects meeting eligibility requirements, and preference will be given to projects that can be completed on time and make the most visual impact,
For more information, visit Facade Improvements Grant.
