Business Improvement Grant
The Ada Business Improvement Grant was established in 2018 through a partnership between Ada Main Street, Grow Ada, and the City of Ada. The Ada Business Improvement Grant is funded through the City of Ada’s Proposition 2 — a ¼ cent sales tax dedicated to economic development. The purpose of the Business Improvement Grant is to encourage private investment in making significant improvements to building exteriors and approved permanent interior improvements to major building systems such as HVAC, plumbing, electrical/gas, and other features that extend the economic life of a building.
Small Grant | Mega Grant | |
---|---|---|
Max Funding | $5,000 (50% match) | $10,000 (for $20,000+ projects) |
Timeline | 6 Months | 1 Year |
Progress Reports | 90-Day | Quarterly + Semi-annual on-site |
Application Limits | Multiple per Parcel (Max $5,000) |
1 per Parcel/year |
Priority Focus | Historic Preservation | Downtown living + new business |
