Ada businesses and our community are benefiting from the Business Improvement Grant (B.I.G.) program. These grant funds are dedicated to improve the appearance and performance of businesses located within the central business corridor.
The Business Improvement Grant committee recently recommended 6 new projects for the third and final round of the 2019-2020 Fiscal Year funding cycle. These projects were then approved by the Ada Main Street board, and include:
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Interior improvements to Serendipity on Main, 116 W. Main
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Exterior improvements to the former Grandview Building, 201 E. Main
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Exterior improvements to three contiguous projects at 416 to 420 W. Main
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Exterior roof improvements to 527 W. Main
The total committed for these projects is $25,000, and the fiscal year closed with $75,000 committed to 18 projects.
In addition, there were three projects inspected and awarded checks. These projects include:
· New awning at Crowell Lock, 324 E. Main (pictured above)
· New HVAC system at Ignite Fitness, 216 E. Main
· New stairs and parking lot improvements at the rear entrance of Gray Real Estate, 114 E. Main.
Since the program’s inception, $69,449 has been awarded out of a total of $125,000 of matched funds from the last two fiscal years. There are currently 12 active BIG projects, with $50,738.50 in funds committed to approve projects that are awaiting completion.
Grants are matched for up to 50% of the pre-approved project's cost, not to exceed $5,000 in total grant funding.
The BIG Committee anticipates close to $300,000 in total spending will be reinvested into Ada's business district by the end of the year.