Grants

Grants

Commercial Tenant Incentive Program

The program consists of a New Retailer incentive Program and Existing Retailer Incentive Program. The New Retailer Incentive Program limits the maximum award to $10,000 and the Existing Retailer Expansion and Relocation Program has a sliding scale with awards ranging from $5,000 to $20,000 based on annual gross taxable sales. All awards are reimbursements and require a minimum of $150,000 annually in Illinois sales tax, as well as a 50% match. A Commercial Tenant Incentive Grant Agreement is required with each application, along with a three-year commitment. Each agreement is tailored to the individual applicant. The monies can be utilized for façade, building improvements or furniture, fixtures and equipment.

Full Commercial Tenant Incentive Program Packet

Grant Application

Façade Grant

The Façade Grant was originally create under the City’s Landmark Commission for structures located within the limits of the City of McHenry, zoned and used for commercial purposes that are a minimum of fifty (50) years of age for consideration.

The following types of work will be considered under the grant program: Exterior work, such as painting, tuckpointing, cleaning, remodeling, restoration or rehabilitation on the front façade, or a side or rear facing a major street or public access, i.e. city parking lot. NOTE: Awnings may qualify if appropriate to the building’s period. Signage, if restoring or duplicating the design of an original sign, will also qualify.