Located just across the Ohio River from Cincinnati, the Kentucky city of Covington is an integral part of a metropolitan area linking two states. But during the past few decades, the once-vibrant main business district had fallen into decline, leading to a spate of store vacancies and a number of dilapidated storefronts.
But that picture is gradually improving with help from a financial assistance program offered by the City. Extending grants which already have assisted 38 local businesses with the costs of rent and exterior renovations, the City currently has $48,477 available for its fourth round of funding out of the $150,000 set aside for its Small Business Program this year.
The City’s facade program includes signage and provides forgivable loans of up to $6,000, matching business owners’ renovation investments on a dollar-for-dollar basis. Grainwell Market, a specialty wood-fabrication shop operated by three sisters (photo above) is one business which has taken advantage of the grant program. Applications for the fourth and final round of grants in the current budget cycle are due by April 26, 2019.