City of Medford Vacant Storefront Program Application

City of Medford Vacant Storefront Program Application

The City of Medford invites applicants for its Medford Vacant Storefront Grant Program, which will provide grants of up to $10,000 to assist Medford Microenterprises and Small Businesses who intend to occupy a currently vacant storefront in Medford.

This MAP provides a list of the currently eligible vacant storefront addresses.

HUD considers a business with 5 or fewer Full Time Equivalent employees to be a “Microenterprise” while a business with more than 5 Full Time Equivalent employees is considered a “Small Business.” “Full Time Equivalent” means one permanent full-time job or multiple permanent part-time jobs totaling at least 40 hours per week.

For Microenterprises to be eligible the applicant and their household must qualify as a low- or moderate-income (LMI) household earning 80% or less of the Area Median Income as defined by HUD.

For Small Businesses to be eligible the applicant must commit to making best efforts to hire LMI Medford residents to fill at least one Full Time Equivalent job.

For full details on the grant requirements please visit our Grant Guidelines.

This grant program is funded through the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG). All grants under this program are subject to the availability of CDBG funding from HUD and to the continued eligibility of the City to receive such funds.

Medford Vacant Storefront Grants will be matched with a $10,000 tax credit through the Massachusetts Vacant Storefront Program (MVSP) offered through the Massachusetts Office of Business Development (MOBD) and the Economic Assistance Coordinating Council (EACC). All applicants to the Medford Vacant Storefront Program must also submit an application to the MVSP program and receive approval on that application. For details on the MVSP visit Massachusetts Vacant Storefronts Program (MVSP) | Mass.gov

If you have any questions or would like additional information about Medford's Vacant Storefront Grant Program, please contact Kayla Myros at kmyros@medford-ma.gov or 781-393-2480

1. Name(s) of business owner(s)*

2. Email*

3. Phone Number*

4. Name of business*

5. Business Tax I.D.*

6. SAM.gov Unique Entity ID (UEI)

Please enter your SAM.gov UEI if you have one. If your business is not yet registered with SAM.gov you will be required to complete your active registration with SAM.gov prior to entering into a grant agreement with the City.

7. Current address of business*

8. Address of vacant space business wishes to move into*

Select

9. Description of business*

10. Reason for relocation*

11. Type of Business*

12. Does your business have 5 or fewer Full Time Equivalent Employees (inlcuding yourself any any other owners)?*

12A. Are you a Medford resident?*

12B. Do all members of your household (including all persons aged 18 and over) have a total household income equal to or less than 80% of the Area Median Income (AMI)??*

Visit this Table for current AMI income limits. Visit HERE for information about what is and is not included in the calculation of household income.

13. Please provide the Title and Job Description for each Full Time Equivalent Job you will market to Medford LMI workers. This can be a single permanent full-time job or multiple permanent part time jobs that total at least 40 hours per week.*

Fill in the Job Title and Description for all relevant positions.

14. Please provide a detailed line item budget for the expenses you plan to use the grant funds for (add more rows, if needed):*

Example format:

Line Item: Signage

Value: $500

As a part of the review of your application you will be asked to provide financial records for you and your household including, but not limited to, tax returns, pay stubs, etc. By submitting this application, you acknowledge and agree that you will provide all required financial records to the City to confirm your eligibility for the grant.*

By submitting this application, the applicant hereby represents and certifies to the best of their knowledge and belief that the information contained in this application is true and complete.*

The applicant understands that the Office of Planning, Development, & Sustainability must be promptly informed of any and all changes to information provided in this application that may occur.*

The City of Medford has the right to terminate any agreement under this program if a participant is found to be in violation of any conditions set forth in the program guidelines or the terms of such agreement.*

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