MAIN STREET ECONOMIC REVITALIZATION
PROGRAM
ACER's Economic and Community Development team is administering grants for Brooklyn Park and Brooklyn Center businesses worst hit by the impact of COVID-19 and the civil unrest following the murder of George Floyd.
ABOUT THE FUNDING
ACER is distributing up to $300,000 to eligible recipients with eligible projects whose businesses or organizations have been impacted by the pandemic and the destruction after the death of George Floyd
The location of applicants' projects should be in these cities:
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Brooklyn Park
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Brooklyn Center
Eligible recipients can use funding for the following project:
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Repair, or renovation of real property
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Building construction
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Landscaping and streetscaping
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Demolition and site preparation
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Pre-design and design
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Engineering
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Infrastructure
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Related site amenities
Funding will be limited to:
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$300,000 maximum funding for projects totaling $1 million
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Main Street grants fund up to 30% of the total project
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Main Street grants must be matched by the grant recipients with non-state and non-federal funds at a rate of 2:1 or 200%
Specific qualifying conditions may include but are not limited to:
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Widespread arson and civil unrest
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Natural disasters
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Major plant closures, significant commercial vacancy increases, and/or loss of economic anchor institutions
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COVID-19 pandemic impacts on travel, tourism, retail and accommodation
All application materials must be submitted through ACER’s online portal.
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Does my business have to be located in Brooklyn Park or Brooklyn Center?No. However, your proposed project must show that it will support business recovery in the select cities of Brooklyn Park and Brooklyn Center.
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Do I need to be a U.S. citizen in order to be eligible for a Main Street grant?No. But, you must have a Tax ID Number (TIN) and be current on your taxes.
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Do I have to own the property I am seeking funding for?No. But tenants who lease their operating space must demonstrate site control of the property in question, whether that’s through ownership, a purchase agreement, or approval from a landlord.
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Can I get grants for multiple projects?Yes and you must complete a separate application for each project. Each project must meet the funding requirements.
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When will I receive my grant payments?Applications are received on a rolling basis. Normally it will take between 30 - 45 days to process an application and an additional 15 days for payments to be received by a business.
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Can I use funds to purchase property?No. Eligible project expenses do not include the purchase of real estate or business operations or business operating expenses, such as inventory, wages or working capital. Additionally, the purchase of real estate does not count as matching funds for a grant
Seeking grant reviewers for DEED's Main Street Economic Revitalization Program
ACER is seeking 7 to 9 community reviewers to volunteer and participate in reading and evaluating grant proposals for DEED's Main Street Economic Revitalization Program. We are seeking people with experience in community development, capital projects, public financing, and economic development. Residents and business owners in Brooklyn Park and Brooklyn Center are strongly encouraged to apply.
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To apply or learn more, visit ACER's Powerbase site.