The City of Moorhead has created a Storefront Rehab Program to provide financial assistance to small business owners to encourage the revitalization of older commercial properties in the Moorhead Renaissance Zone.
The Storefront Rehab Program funds can be used to renovation, signs, exterior doors, windows, awnings, exterior graphics, exterior lighting, and other façade or landscape improvements. Building code violations such as roofing, structural repair and necessary mechanical system upgrades are eligible but only as part of an approved façade improvement.
Preferred projects will be located within the Renaissance Zone boundaries and buildings built before 1990. All other projects will be evaluated on a case by case basis. Startup businesses are eligible but must provide an acceptable business plan and show sufficient management background and an equity position in the business.
- Loan Amount - Up to $25,000 per store front
- Match - Requires 50% matching funds
- Interest Rate - 0% interest deferred, forgivable after 5 years
Applications are accepted by West Central Initiative anytime. Must include budget with quotes, photo, and scale drawings of proposed facade changes.
For more information contact Economic Development or call 218.299.5441.