Oakland, Maryland, is bustling with opportunities for revitalization, and you could be a part of it. In a collaborative effort between the Town of Oakland, the Greater Oakland Business Association, and the Oakland Arts & Entertainment District, an exciting initiative is underway to breathe new life into vacant buildings. Through the Project Restore 2.0 grant offered by the Maryland Department of Housing and Community Development (DHCD), Oakland is on a mission to transform empty spaces into vibrant hubs of activity.
What is Project Restore 2.0? Project Restore 2.0 is more than just a grant; it’s a catalyst for change. Designed to promote place-based economic development, this grant focuses on activating vacant buildings within the jurisdiction it serves. The aim is to rejuvenate downtown and historic commercial corridors, fostering a thriving business environment and a sense of community.
Who Can Apply? Oakland is seeking interested parties to serve as sub-grantees for the funds. Whether you’re a for-profit business, a non-profit organization, a cooperatively-owned business, or a social enterprise, if you have a vision to start up or expand into a vacant building, this opportunity is for you.
Key Points to Note:
- Eligible Properties: There’s no minimum duration for a property to be vacant. As long as it’s commercially zoned and currently vacant or has vacant commercial spaces, it’s eligible.
- Eligible Uses of Funds: The grant can be used for rent payments, renovation and fit-out of the building (interior and/or exterior), as well as for purchasing furniture, fixtures, and equipment. However, property acquisition is not covered.
- Operational Deadline: Sub-grantees are expected to be operational in the formerly vacant building by the end of the grant period.
How to Apply: If you’re intrigued and believe your building or business qualifies, don’t hesitate to take the next step. Fill out the form available at [insert form link] by Friday, March 29. Keep in mind that additional information may be required during the application process.
For any inquiries or clarifications regarding the project, reach out to Nicole McCullough at nicole@oaklandmd.com or call 301-334-2691.