Loans, Incentives & Grants
Facade Grant
Design changes that take place at commercial properties are a critical part of any successful revitalization strategy. This program is administered by the DDA and will offer financial assistance to commercial property owners seeking to renovate or restore the exterior of their buildings.
The application deadline for 2025 Facade Grants is October 15, 2024.
Other Incentives
West Shore Bank offers low-interest fixed-rate loans up to $25,000 for new and existing businesses.
Venture North also offers low-interest fixed-rate loans for the Manistee Area.
The Michigan Economic Development Corporation (MEDC) offers grants to redevelop downtowns, these programs typically require substantial rehabilitation to the building and the program will need to be facilitated by the DDA and local authorities.
TIF Gap Financing Incentive
To support housing development within the Downtown District, the Manistee DDA may commit future tax increment revenues to help close financial gaps in eligible projects. This incentive is designed to improve project feasibility and encourage redevelopment that aligns with the goals of the DDA’s TIF Plan. Eligible uses of funds include housing construction, historic preservation, and ADA compliance.
Interested developers should contact the Manistee DDA Director to apply:
Director@manisteedowntown.com
Federal Historic Tax Credits may also be available. This program encourages private sector investment in the rehabilitation and re-use of historic buildings. A 20% income tax credit is available for the rehabilitation of historic income-producing buildings that are determined by the Secretary of the Interior to be “certified historic structures.” The DDA can assist property owners looking to receive these credits.
The DDA can assist you in accessing other incentives. Contact the DDA for more information:
Phone: (231) 723-2575
Email: director@manisteedowntown.com