City of Andover announces Business Improvement Grant Program (United States)

2025 is the 9th year the City of Andover has funded this program.

Funding Information

• This is a competitive grant that allows applicants to be reimbursed up to one half (50%) of approved costs (up to $40,000).

Eligibility Criteria

• The grant is open to any properties within the Andover City limits with Commercial, Industrial, Mixed Use, or Business District zoning.
• Grant applications may be made by either a business or property owner. All grant monies will be issued as a reimbursement to the applicant.
• Property owners must be current on their property taxes.
• Projects must meet all applicable Site Plan Review Guidelines, Zoning, Sign and Building Code requirements.
• Only one grant is allowed per annual cycle per applicant.
• Businesses or property owners may only submit a new application once any and all past grant funded projects are completed.
• Reported project values shall include the total value of work, including materials and labor, for which the grant is being issued. Projects or project elements will be evaluated at fair market value and may be required to obtain more than one quote. The City will reimburse at the rate of the lowest bid but the applicant is free to select whichever bid they prefer
• Projects may not be started prior to grant approval. Project costs incurred prior to grant approval will not be reimbursed. Projects already underway are not eligible for consideration.
• Projects must be complete or substantially complete within six (6) months of approval. A deadline for completion will be included in the grant approval. Projects may only receive one deadline extension. Projects not completed in the required time frame may lose their grant award.
• For projects that require building permits, a passing final building inspection is required prior to the disbursement of any grant funds.

For more information, visit City of Andover.