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Salt Lake City Business Stabilization Grant
Salt Lake City
ABOUT THE GRANT
The Salt Lake City Business Stabilization Grant provides Salt Lake City small businesses with reimbursement grants of up to $3,500 per property per year to help pay for repairs to physical damage on the exterior of their business property. Administered by the Salt Lake City Housing Stability Division and funded through federal grant dollars, the program is designed to help small businesses stabilize after property damage and remain operational in their commercial locations. Awards are issued on a first-come, first-served basis, with the full application-to-payment process typically taking one to two months.
Eligible damages include repairs to broken windows, exterior lights, fencing, power lines, and other physical damage to the exterior of the business property. Insurance deductibles also qualify. The damage must have occurred no more than 120 days before the application date, repairs must already be completed at the time of application, and applicants must provide photographic proof of the damage and repairs alongside receipts or invoices demonstrating payment. Costs already covered by insurance are not eligible for reimbursement (the grant covers only remaining out-of-pocket costs). Graffiti removal, interior damages, vehicle damages, stolen goods costs, new security features, home-based businesses, and short-term or long-term rental properties are not eligible.
To qualify, businesses must be located within the program's designated annual target area (both sides of border streets qualify), hold an active Salt Lake City business license, and meet the program's definition of a small business (three locations or fewer, no more than 50 full-time equivalent employees, and independently owned rather than a franchise or chain). Tenant businesses must provide a letter of support from the property owner. Applicants must submit their application through the city's Neighborly online portal along with required documents including photographs, receipts, insurance policy and claim information, a completed W-9, and proof of business or property ownership. Applications are reviewed for eligibility within about two weeks. Approved recipients are set up as contractors in the city's financial system and receive their reimbursement check by mail, typically within another two to three weeks.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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