Match on Main is a reimbursement grant program that serves as a tool to support new or expanding place-based businesses by providing up to $25,000 in funding to an eligible small business through an application submitted, administered, and managed by the Saginaw Downtown Development Authority, (DDA)
~ Eligible Businesses
• The business is located within the boundaries of the Saginaw DDA.
• The business is located within a traditional downtown, historic neighborhood commercial corridor, or area planned and zoned for concentrated commercial development that contributes to a dense mixed-use area with multi-story elements.
• The business sells products and/or services face to face AND has a physical location within a traditional downtown, historic neighborhood commercial corridor, or area planned and zoned for concentrated commercial development (Ex. The business has a storefront location downtown).
• The business will have, or intends to have, control over the site for which they are applying prior to Match on Main application. Please note: changes in the proposed business location after grant selection may result in grant being forfeited.
• The business may be operating as a for profit or non-profit.
• The business is headquartered in Michigan.
• The business has not received or been approved for an MEDC Match on Main grant within the last 24 months.
~ Eligible Uses
• Grants may be used by the business for eligible expenses that support technical assistance, interior building renovations, permanent or semi-permanent activation of an outdoor space, and other working capital needs such as marketing needs and inventory expenses. Additional needs identified by the business and supported by the local community will also be considered.
• The maximum grant award is $25,000 and the business must match 10% of the total grant award.
For Example:
|
Total Grant Award |
Required Match |
Total amount of paid receipts to be submitted |
|
$25,000 |
$2,500 |
$27,500 |
Required for application:
- Completed Application.
- All costs associated with the proposed project should be reflected in the required third-party cost estimates.
- A minimum of three photos that represent the scope of Match on Main request: this should include at least one exterior photo and at least one photo of the interior of the space.
Please contact Steve Hensley with questions.
Email: shensley@saginawfuture.com
Phone: 989-757-2107
