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AJAAAA <br />TIFTIFT <br />RECOVERY & IMPROVEMENT <br />City of Louisville <br />Matching Grant Program <br />City of Louisville Matching Grant Program <br />The COVID-19 pandemic has had significant adverse economic impacts on the Louisville business <br />community. Recovery & Improvement is a matching grant program focused on assisting businesses <br />that have suffered economic injury to stabilize and improve operations. <br />The City Council has authorized $150,000 of funding to be directed to the Recovery & Improvement <br />Program. The program is anticipated to run through December 31, 2020, but may end earlier if <br />program funds have been spent. Eligible businesses seek 50% matching funds for projects that meet <br />the Program Criteria, with a maximum matching grant of $10,000. Each eligible business may only <br />receive one funded project under this program. Only projects that have not been completed or <br />previously paid -for will be considered. Program Eligibility and Program Criteria are outlined below. <br />Applications will be reviewed on a first -come, first -serve basis. Staff will review and approve <br />applications until all funding has been allocated. To process applications efficiently, it is important for <br />applicants to supply complete information. All applicants who are approved for funding will need to <br />sign an agreement with the City —pledging to pay the remaining 50% of the project cost, and to submit <br />documentation showing paid expenses at project completion. A copy of the template agreement is <br />available on the City's website. <br />Submitting an application is not a guarantee of a project award, and the City may terminate the <br />Recovery & Improvement Program at any time, for any reason. Prior to submitting an application, you <br />should also ensure you have permission from your landlord if you propose to make any physical <br />changes to your business space. A program application also does not substitute for permit approvals <br />that may be required. You should consult with the Planning and Building Safety Department if you <br />believe your project may require a permit: 303-335-4584 and building(a louisvilleco.gov. <br />Please note that only complete applications will be reviewed. <br />Questions? Please contact Economic Vitality Director Megan Pierce at 303-335-4531 or <br />maierce(aMouisvilleco.gov. <br />1 <br />Agenda Packet P. 22 <br />