The Newport Economic Development Commission (NEDC) offers the ReNewport Grant program. The NEDC has created a funding pool of $25,000 to be dedicated to help small businesses in the city limits of Newport make needed improvements to the exterior of their buildings, to their parking lots or grounds. The goals of the grant are to assist small businesses in making capital improvements to their buildings, to make businesses in Newport more competitive by helping improve their access and signage and to assist in the beautification of the community.
The grant will be a 50% matching grant, meaning that the business owner or the building owner will pay half of the cost of the improvements and the NEDC will award the business a grant for the other half of the cost. The maximum grant amount will be $2,500, allowing businesses to receive 50% of up to a $5,000 project. The grant can be used for any exterior renovations to a building or property that houses an active business or that will house an active business within 30 days of completion of the project.
Grants will be awarded on a first qualified application first funded basis with applications being accepted starting January 15. If you would like a grant application and a set of grant guidelines, please contact the Newport Economic Development Commission. Applications must be turned in to the Newport Economic Development Commission, 201 Hazel Street, P.O. Box 766, Newport, AR 72112. They can be mailed, delivered in person, faxed to (870)523-1009 or emailed to firstname.lastname@example.org. The NEDC will continue to accept applications until businesses have used the pool of funds allocated for the year.