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Mayor Richard J. Kos along with
Michael Vedovelli, Director of Community and Economic Development, announced
today a Downtown Business Assistance Program designed to provide financial
assistance to Businesses located in the recently approved West End Housing
Development Incentive Zone (WEHDZ).
The program will provide funding to
business owners to make improvements that result in the creation of jobs,
assistance to low and moderate income persons, or the removal of architectural
barriers. The funding source for this
innovative program is federal Community Development Block Grant (CDBG)
funds. Eligible uses include repairs
and improvements to commercial properties, repair or improvements to building
systems or fixed equipment, and acquisition for purpose of expansion.
“Programs like this can create or be the added
push for projects that can have a positive difference in our downtown. We can
see the value that this can bring to businesses located in this area, which
ultimately broadens the tax base and demonstrates the commitment the City is
making to revitalizing Downtown" said Mayor Kos.
“We are working to create an
environment in the Chicopee Center that fosters private-sector investment and
job growth” said Vedovelli.
The program guidelines and application
are available on the City’s website at www.chicopeema.gov but
interested business owners are encouraged to contact Director Michael Vedovelli