Wentzville’s Business Development Grant Program

The City of Wentzville's Business Development Grant Program aims to stimulate economic growth and revitalization within its Historic Downtown zoning districts (HD-1, HD-2, or HD-3). This initiative aligns with the city's broader mission to boost property development, strengthen both new and existing businesses, and facilitate the rehabilitation and modernization of downtown buildings. By offering financial assistance for start-up and business development costs, the program directly supports the strategic objective of creating a more vibrant and economically robust downtown core. The target beneficiaries of this grant are new businesses, open for less than 12 months, and significantly expanding businesses within the designated historic downtown areas. The program's impact goals are centered on easing financial burdens associated with business development and improvement, thereby fostering a conducive environment for commercial activity and urban renewal. The grant is specifically designed to alleviate costs for interior building improvements, enabling businesses to enhance their physical spaces and operational capabilities. The program's priorities and focuses include a range of interior building improvements such as paint, finish carpentry, flooring, and countertops. These specific areas of focus are intended to directly contribute to the aesthetic appeal, functionality, and overall value of commercial properties in the historic downtown. By supporting these types of improvements, the City of Wentzville seeks to encourage high-quality business development and attract further investment in the area. Expected outcomes and measurable results include an increase in the number of new businesses opening and existing businesses expanding within the specified districts, a reduction in the financial barriers for these businesses, and an overall improvement in the condition and modernization of downtown buildings. While specific quantitative metrics are not detailed, the program's success can be indirectly measured by increased commercial activity, improved property values, and enhanced community engagement within the historic downtown. The City of Wentzville's strategic priorities are rooted in a theory of change that posits that by directly investing in the physical and operational improvements of downtown businesses, it can catalyze broader economic development and create a more attractive and sustainable urban environment.