The Development Corporation of Richmond (DCR) serves Richmond and works to engage in activities that preserve and capitalize on its unique heritage. Richmond's Historic Downtown area has been identified as a key focus area for economic development. This program is intended to serve as a tool to build upon the strengths of the area and maintain its historic nature.
The grant program is a 50% match of all approved project costs in an amount between $10,000 and $25,000. A project must cost at least $20,000 in total to qualify for the matching funds.
Eligible expenses include:
- Redeveloping space from a non-commercial use to a sales tax generating business.
- Redeveloping second story space into a commercial use.
- Developing vacant property into a commercial use.
- Exterior improvements including: facade improvements, beautification of large exterior walls facing public streets, replacement or installation of permanent awnings, landscaping, and installation of new doors and windows.