The City of Spencer, Spencer Main Street and the Spencer Chamber of Commerce, along with its partners, Community State Bank, Northwest Bank and Farmers Bank are proud to announce the launch of the Retail Kickstarter Program.
An effort to spur economic growth and mitigate retail sales leakage, the Retail Kickstarter Program will provide forgivable loans up to $25,000 and seperate zero percent interest loans up to $25,000 to businesses that fill retail gaps, diversify the economy, and /or provide job opportunities in the City of Spencer.
The program will:
- Facilitate significant and comprehensive investment in retail businesses.
- Increase overall community wealth
- Diversify the Economy
- Provide long-term community benefits in return for the investors dollars
- Ensure the recipient project constitutes responsible development and further omplies with all other applicable development priciples and regulations.
Spencer Main Street Director, Nancy Naeve says, "We are excited to offer this opportunity to those that may want to open a business in Spencer and to those that may want to expand product lines or make improvements to their buildings. The program offers two options that may be combined for an award up to $50,000 for qualifying projects. The goal of this program is to offer impactful resources to our business community to spur growth. We believe that this program is very complementary to the other incentive programs that are offered through the City and Spencer Area Jobs Trust for commercial and industrial projects."
Interested applicants may contact Nancy Naeve, Spencer Main Street, at 712-262-7246 for applications and more information.