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Invest Atlanta, as part of the Wells Fargo Open for Business Fund, has launched the Commercial Property Improvement Grant program to support local small businesses located in the city of Atlanta. 

Small Business owners are eligible to apply for grants of up to $50,000 that can be used for both internal and external improvements to their commercial property. Small businesses across the city are eligible with priority to minority-owned small businesses in disinvested areas, as identified in the One Atlanta Economic Mobility Plan.

Applications will be accepted on a continuous basis until program funds are fully allocated, or the end of the program term in 2024.  In addition to prioritizing minority-owned small businesses in disinvested areas, selection will be based on project readiness, need for funding, and project impact on business operations.

 

Upcoming Webinars

 

Tuesday, August 9th: The Commercial Property

Improvement Grant Application Process

 

Application Process

1
View Application Requirements
2
View Application Checklist
3
Complete Online Application

Eligible Applicants

Applicants must meet the following eligibility requirements: 

  • For-profit and nonprofit small businesses operating in commercial properties with a total building size smaller than 15,000 square feet located in the City of Atlanta are eligible to apply
  • Small businesses who lease their commercial space should have a minimum of 1-year left on their lease and will need approval from the property owner.
  • Applicants must show a current City of Atlanta business license.
  • Owners of vacant commercial properties that meet the size requirements may be eligible to apply.  Please reach out to the Program Manager prior to submitting application, as vacant properties may be eligible if scope of work will bring them into leasable condition.
  • Small businesses in multi-tenant commercial buildings smaller than 15,000 square feet are eligible,
  • Awardees must provide a match equal to at least 10% of the grant award.
  • Priority will be given to small businesses located in disinvested areas of the city. Check if your property is in a Disinvested Area.
  • Ineligible Applicants include:
    • ‚ÄčProperties constructed in the last 10 years are not eligible.
    • Properties with national credit tenants (i.e., national chain businesses) are not eligible.
    • Properties occupied by religious institutions and public agencies are not eligible.
    • Properties not zoned for commercial use are not eligible
    • Properties operating as package stores or for purposes of adult entertainment, including gambling, are not eligible.

Eligible Uses

Improvements should visually enhance the interior and/or exterior of the subject property and meet the following guidelines:

  • Eligible exterior improvements include:
    • Painting
    • Lighting
    • Windows, doors, framing, etc.
    • Signage, canopies, awnings, etc.
    • Gates, fencing, landscaping, etc.
    • Building surface repairs: concrete, siding, limestone, etc.
    • Surface upgrades on the ground: tiling, asphalt resurfacing, etc.
  • Eligible interior improvements include:
    • Flooring, walls and ceiling upgrades
    • HVAC, water heater, plumbing, electrical, and other systems repairs
    • Structural repairs to walls, floors, stairs, and interior doors
  • Certain soft costs, such as architectural and planning services are eligible but shall not exceed 10% of grant amount.
  • Operations, inventory, and other soft costs are not eligible expenses.

Application Submission

Applications must be submitted via Neighborly. No hard copy applications will be accepted.  Applications should include upload of all required components, as outlined above.

Questions or assistance with an application should be directed to: Ashley Rivera (arivera@investatlanta.com) and Paige Mitchell (pmitchell@investatlanta.com). 

Grant Funding

Approved grants are subject to the terms and conditions of an executed grant agreement.  Grant proceeds cannot be used for improvements completed prior to application approval and execution of Grant Agreement.  Grant proceeds will be disbursed on a reimbursement basis or will be used to pay project vendors directly upon submission of invoices from grantee and verification by Invest Atlanta. Requisitions for grant funds cannot be submitted more frequently than every 30 days and are subject to the terms and conditions identified in the grant agreement.   

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