Financial assistance to help our local businesses!
The Façade Improvement Project offers matching funds for façade improvement. Building and/or business
owners can apply for up to 50 percent of the cost of their improvement project. In general, the maximum
grant contribution by the GMA is $10,000. The minimum grant contribution is $1,000. However, the GMA
may consider approval of a higher amount for large catalytic projects, projects that would contribute
significant improvement to the physical appearance of the Golden Mile and would be expected to significantly
increase business traffic to all businesses on the Golden Mile. Work completed prior to a letter of
commitment is not eligible for funding. The goal of the project is to encourage building renovation and
improved economic vitality by providing funding to upgrade Golden Mile building facades.
The Façade Improvement Project is administered by the GMA Design Committee. The Design Committee is
composed of Golden Mile business owners, architects, engineers, residents and others who want to improve
the physical appearance of the Golden Mile. The Façade Improvement Project is funded by the State of
Maryland’s Community Legacy Program.
To date 2019, the GMA has processed four facade grant applications and have been notified of other businesses interested in applying. Additional details on the facade grant application can be found under GMA accomplishments.
If you are interested in applying for a grant for facade improvement please fill out and sent the completed GMA Facade Grant Application to the Golden Mile Alliance Design Committee at the address on the application.
Real Property Tax Credit
A 10-year County and City tax-credit based on the increase in real property tax assessments resulting from commercial capital investment. The credit is calculated during the first five years as 80 percent of the assessed property improvement, and then decreases 10 percent annually to 30 percent in the 10th year.
State Property Tax Credit
For full information, visit the MD Department of Commerce’s website.
The City of Frederick offers a matching grant program for property improvement projects by City businesses with fewer than 25 full-time employees – AND – the industries of advanced technology, manufacturing, life sciences, and IT – OR – in a location that would provide a catalytic effect on the area immediately surrounding the business.
For full details and information to apply contact the City’s Department of Economic Development.