The City of Bastrop is excited to announce that $50,000 in funds are now available to business and property owners. At last night’s Bastrop Economic Development Corporation meeting the board approved the 2016 Bastrop Business Incentive Grant (BIG) Program. Funding for the program was approved in the 2016-2017 Fiscal Year Budget, and with the approval of the guidelines the BIG program is ready to accept applications. “The EDC and Main Street have been working hard to launch this program to assist our small businesses and building owners. This program is geared toward improving our community through investment and job creation, all while revitalizing Bastrop,” said Shawn Kirkpatrick, BEDC Executive Director.
The Bastrop Economic Development Corporation has funded over $500,000 since the inception of the facade and mega grants in 1999 for the Main Street Program Area. After a brief hiatus, the BEDC and the City of Bastrop Main Street Program are excited to share the newly revamped Business Incentive Grant Program. The program will help continue the efforts of revitalizing downtown but will also expand its reach by allowing business and property owners outside of the Main Street program area to apply. The BIG program is more robust than the previous façade program, allowing applicants to receive funding for handicap accessibility, HVAC, roofs, fire prevention, and facades. Projects that qualify based on their application score may receive an annual grant with a maximum reimbursement of $10,000 towards the total project cost. The grant is a 50% matching grant. For example, if the project is $20,000, the grant will reimburse up to $10,000. If the total project cost is less than $10,000, the grant will reimburse 50% of the total project cost.
The City of Bastrop Main Street Program will administer the grant applications and has streamlined the process. “We greatly appreciate the support of the Bastrop Economic Development Corporation and the Main Street Design Committee in generating these new guidelines. I am confident this program will continue to positively affect the Main Street Program area and will help us expand our reach by providing an impact to businesses along the commercial corridors in Bastrop,” said Main Street Program Director Sarah O’Brien. Property owners must not begin work before applying, and will be scored on a variety of factors so that projects that demonstrate greater need and yield a higher impact will rank higher. Currently there is $50,000 in this funding cycle. “We hope to continue this program on an annual basis, meaning property owners may apply in multiple years for portions of the work that is being performed,” said O’Brien.
If you are interested in applying for the Bastrop Business Incentive Grant (BIG) program, contact Sarah O’Brien at email@example.com or 512-332-8996, or visit www.bastropdowntown.com/resources to download a copy of the guidelines, application, scoring criteria and checklist.