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Retail Development Infrastructure Grants

Grants to McKinney, Texas Businesses for Infrastructure
Improvements to Landmark Retail Properties

Agency Type:

Local

Funding Source:

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McKinney Community Development Corporation (MCDC)

Deadline Date:

07/31/19 5:00 PM

Description:

Request a Grant Writer

Grants of up to $25,000 to McKinney, Texas businesses for infrastructure improvements to local landmark retail properties. The funds may be used for construction, materials, and licensed contractor fees. Projects must be well-planned with stated goals, objectives, and evaluation measures that demonstrate impact to the community.

For the purpose of this program, “landmark retail” is defined as buildings within the historic downtown area with boundaries that coincide with the “Cultural District” designation; retail redevelopment opportunities at locations that are viewed as gateways into the city (e.g. Highway 5 and Spur 399 – and other locations along Highway 5; Virginia Parkway and 75).

The Retail Development Infrastructure Grants will fund infrastructure improvements that are exterior to a property, necessary to promote or develop new or expanded business enterprises, and may include:
- Sewer
- Water
- Electric Utilities
- Gas Utilities
- Drainage

Preference may be given to applicants who develop and demonstrate multiple revenue streams to financially support Retail Development Infrastructure requests - and are not applying to other City of McKinney entities (e.g. Arts Commission, City of McKinney Community Support Grants, McKinney Convention and Visitors Bureau).

GrantWatch ID#:

GrantWatch ID#: 184794

Estimated Total Program Funding:

$100,000

Estimated Size of Grant:

The maximum award for any single grant will be 50% of total cost of the infrastructure improvements proposed, up to a maximum of $25,000.

Term of Contract:

Retail Development Infrastructure projects must be completed within one year, or consistent with performance agreement.

Additional Eligibility Criteria:

Applicant must have been in business (preferably within the City of McKinney) for a minimum of two years.

For Retail Development Infrastructure grants, the applicant must own the land, building or facility where the proposed project will be located. If the applicant does not own the land, written acknowledgement / approval from the property owner must be included with the application. The letter must document that the property owner is aware of the proposed use of the property or facility; and the property owner has reviewed the project plan and application, approves and supports the efforts of the applicant.

Pre-Application Information:

Cycle I:
Application Deadline: January 31, 2019
Presentation to MCDC Board: February 28, 2019
Board Vote and Award Notification: March 28, 2019

Cycle II:
Application Deadline: July 31, 2019
Presentation to MCDC Board: August 22, 2019
Board Vote and Award Notification: September 26, 2019

The amount requested must be matched by the property owner or tenant.

A preliminary review of your proposal or idea by the MCDC board can be obtained by submitting a Letter of Inquiry form, or calling or emailing Cindy Schneible.

Please note: a completed application and all supporting documents are required to be submitted electronically, via email or on a thumb drive mailed or delivered to the MCDC office.

Once eligibility for consideration is confirmed, applicants will be notified and placed on the meeting agenda to make a presentation to the board.

Grants information: http://www.mckinneycdc.org/166/Grants

Where to Apply: http://www.mckinneycdc.org/185/Where-to-Apply

FAQs: http://www.mckinneycdc.org/faq.aspx

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Letter of Inquiry Form: http://tx-mckinneycdc.civicplus.com/FormCenter/Grants-Awards-4/Grant-Request-Letter-of-Inquiry-46

To discuss your proposal and plans prior to submitting an application, please contact:

Cindy Schneible - President
Phone: 972-547-7653
cschneible@mckinneycdc.org

City of McKinney
5900 S. Lake Forest Dr.
Suite 110
McKinney, Texas 75070

Phone: 972-547-7653
Fax: 972-542-0926

URL for Full Text (RFP):

Geographic Focus:

USA: Texas: City of McKinney