Posted April 5, 2022

The Economic Development Committee of the Pecatonica Village Board has budgeted $10,000 for the coming fiscal year for a matching grant program for local businesses and organizations.

The grants will be distributed to Local Entities in partial reimbursement for improvements made by said entities in the form of a matching grant in hopes that said grants will encourage local business owners and organizations to make improvements to their buildings or assist in the works of local organizations in furtherance of economic development.

The grants will be awarded up to a maximum reimbursement of $2,500 per business or organization.  For example, a $5,000 improvement project would be eligible for a $2,500 reimbursement grant upon completion.  A $500 project would be eligible for a $250 reimbursement.  Paid receipts must be presented to receive the grant payment.

Applications for the Grant Program will be accepted between April 1, 2022 and May 31, 2022 and will be evaluated by the Village Economic Committee for approval.  Approved grant applications will be presented to the Village Board at its June regular meeting for final approval and awarding of grants.  Projects must be completed by the end of the coming fiscal year, April 30, 2023.

Grant applications are available from the Village Clerk’s office and must be submitted no later than May 31^st.