How much funding does Storefront Improvement Program (SIP) provide?

Storefront Improvement Program (SIP) provides Up to $7,500 in funding.

When is the deadline for Storefront Improvement Program (SIP)?

This grant has a rolling deadline or the deadline has not been announced.

Storefront Improvement Program (SIP)

KODIAK ECONOMIC DEVELOPMENT CORPORATION

Foundation Annual Community Development Grants Small Business Grants

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Funding Amount

Up to $7,500

Deadline

Rolling / Open

Grant Type

foundation

Overview

Storefront Improvement Program (SIP)

Status: Currently not accepting applications; next cycle opportunities for 2025 to be announced soon.

Geographic Scope: Downtown Kodiak, Alaska (specifically businesses located from 332 Shelikof Street to Marine Way, including Kodiak Marine area, Best Western to Big Rays, Marine Way to Hana House, and Center Street downtown area)

Focus Areas:

Storefront exterior improvements including signage upgrades

Window replacement

Entrance painting

Creating welcoming, customer-friendly storefront appearances

Improving public safety and access

Program Goals:

Promote revitalization of Downtown Area to attract visitors and residents

Encourage new development and increase foot traffic

Ensure healthy economy by supporting diverse local businesses

Improve storefront exteriors in Downtown core area adjacent to St. Paul Harbor

Eligibility:

Businesses located in the eligible Downtown Kodiak area

No application fee required

Award Structure:

Matching grant program (reimbursement-based)

Grant funds paid upon completion of pre-approved project

No disbursement for work completed before Commitment Letter is provided and signed

Program anticipates funding 2-3 projects per year

Partners: Kodiak Economic Development Corporation (KEDC), Kodiak Area Native Association (KANA), City of Kodiak

First Cycle Results (2023-2024):

5 awardees selected

Total SIP awards: $28,096.35

Leveraged private investment: $34,345.63

Combined investment: $62,441.98

Contact: SIP Program Administrator at KEDC (kodiakedc.com)

How to Apply

Application Process

Timeline:

Applications reviewed once per year

Current cycle: Applications closed (deadline was December 8, 2023)

Next cycle: 2025 applications to be announced

Required Materials:

Complete SIP Application Packet (available for download)

Project details and specifications

Business location documentation

Proof of eligibility within Downtown area boundaries

Application Format:

Designed to be simple to complete

Discretionary reimbursement grant application

Pre-approval required before project work begins

Next Steps:
1. Contact SIP program administrator for information
2. Download complete SIP Application Packet
3. Submit application by announced deadline (5 pm on application closing date)
4. Application Review Committee evaluates submissions
5. Awardees determined and notified mid-cycle
6. Receive Commitment Letter before beginning work
7. Complete pre-approved project
8. Submit for reimbursement upon completion

Contact for Questions: KEDC (kodiakedc.com)

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