Impact Grant

The Eagle River Revitalization Program’s Impact Grant is a targeted, competitive funding opportunity aimed at stimulating economic development within the Business Improvement District (BID) of the City of Eagle River. Administered by the local municipal authorities or their economic development arm, the program focuses on capital improvement projects that visibly enhance commercial infrastructure, foster job creation, and elevate the district’s overall economic health. This initiative is aligned with the city’s broader objectives to promote revitalization and encourage sustainable business growth in a designated urban core. Applicants to the Impact Grant may request funding amounts ranging from $5,000 to $50,000, with the stipulation that awarded funds must be matched dollar-for-dollar by the recipient. This 50/50 cost-sharing model ensures shared investment and accountability in the proposed improvements. Eligible project types include commercial renovations, business expansions, and new construction initiatives that offer tangible benefits to the economic and aesthetic environment of the BID. All proposed work must be completed by the end of calendar year 2026. The Impact Grant prioritizes applications demonstrating clear, quantifiable benefits to the community. Proposals that increase taxable property values, retain or create employment opportunities, or otherwise visibly improve the commercial landscape of Eagle River’s BID will be scored more favorably. The grant is specifically targeted to projects within the legal boundaries of the City of Eagle River, and eligibility is geographically restricted to this area. Nationwide applications are not accepted. The application process begins with an interest form, after which selected applicants will be invited to submit a full proposal. Required documentation includes a comprehensive business plan, detailed project timeline, itemized cost estimates supported by vendor quotes, and complete funding strategy details. Additional documentation may be requested by the grant review committee to ensure thorough vetting. The review process is competitive and emphasizes the feasibility and community benefit of proposed initiatives. Grant recipients are required to participate in technical assistance programs intended to support the long-term success of their projects. Ongoing reporting obligations will be enforced to ensure that funds are used as intended and that progress is made in alignment with the originally proposed scope of work. These accountability measures are a critical component of the grant structure and help maintain transparency and impact across funded projects. Although the precise application deadline is not specified in the source, the final completion date for all projects is the end of 2026. No information was provided on recurring funding cycles, past recipients, or specific contact personnel for the grant. Additional guidance may be issued by the program administrators as applicants proceed through the process.

Projects that visibly improve commercial areas, increase property value, or create jobs will be prioritized.