McCordsville Brings Back Building Improvement Program – The Daily Reporter
McCORDSVILLE – The Town of McCordsville has relaunched, refreshed and renamed a program that aims to help businesses make exterior improvements.
The initiative is called the Building Improvement Grant, or BIG Program, administered by the McCordsville Redevelopment Commission.
It is “designed to stimulate investment and initiate aesthetic improvements to buildings in McCordsville,” according to the program overview.
The city’s redevelopment commission has allocated $ 30,000 to the program for 2022. The funds come from taxes paid on new development in a tax increase funding neighborhood made up of areas off Broadway Street.
“We wanted to do this to give some people who might want to make improvements to their businesses along Broadway a chance not to spend that much, but to make the improvements they wanted to make,” said Alex Jordan, president. of the redevelopment commission. “It gives people the ability to do things they might not have been able to finance without getting the game.”
Eligible properties must be in town. Properties located outside of the Broadway Tax Increase Funding District may be eligible if they benefit and serve the district.
The primary purpose of a property must be a commercial activity to be eligible. Neither the property nor the applicant can be past due on property taxes or municipal liens or fines or have outstanding code compliance issues.
BIG has two project levels. For approved small to medium-sized projects, the program will reimburse 75% of the total approved actual project costs up to a maximum of $ 1,000. For large projects, the program will reimburse 50% of the total approved actual project costs up to a maximum of $ 5,000.
Some examples of eligible upgrades are awnings, lighting, landscaping, doors, windows and exterior wall finishes. Interior improvements, electrical work and security systems are examples of ineligible improvements.
The city plans to describe the program’s application process on the city’s website, mccordsville.org.
“I think it’s a pretty exciting little program for this city to be able to work with local businesses and update them, and make them feel like they’re even more a part of the city, let them know that we have them. let’s support if they need it, ”Jordan said.
Larry Longman, McCordsville City Council Liaison to the Redevelopment Commission, is delighted that the program is back. He recalled that the city had a similar program several years ago which failed due to lack of participation.
“Even asking companies to proactively use the program wasn’t paying much dividends,” Longman said.
He thinks it will be different this time.
“I think with the activity that we’re seeing along Broadway and the new interest in some of the buildings that are being bought and redeveloped, we’ve been thinking of putting it back out there and see if there’s any interest on the side of the owners to team up to make improvements along Broadway, ”Longman said.
He praised the redevelopment commission’s decision not to include signage for company names in eligible upgrades.
“Often, that’s the only thing a tenant needs to do to start a business,” he said. “And I’m not saying we don’t want them to start their business there, but it’s money for building facades, not for someone’s advertising. I don’t really want tax dollars to be spent on advertising. I want something that makes the installation more pleasant.