New Market offers grants to businesses to help with costs

November 22 — A new grant program offered by the City of New Market aims to bring new dining establishments to the city’s historic district.

City council recently approved a $ 60,000 grant program to “help businesses and landowners pay capacity charges related to connecting to county water and sanitation infrastructure,” according to a summary. of the program on the city’s website. The city will pay up to half of this fee, an individual match, to induce new businesses on Main Street or expansion of existing businesses.

Mayor Winslow Burhans III has learned that the number of faucets and costs required for catering facilities can be prohibitive for business growth. The new grant program is designed to help overcome this burden.

“We really need to open some restaurants,” Burhans said in an interview.

Popular Restaurant The Derby is the only downtown restaurant along Main Street, although there are more restaurants just outside of the city center. The Vintage restaurant, which was on Main Street, closed around the start of the pandemic. Burhans has said he would love to see Vintage come back and hopes the new grant program helps.

Using money from the American Rescue Plan Act for infrastructure projects freed up other funds in the city budget to make the grant program possible, according to Burhans. He said the vote to approve this program was “kind of obvious.”

In general, Burhans recommends that potential business owners meet with the city’s zoning administrator to get a feel for the requirements before purchasing a property and embarking on an expensive project.

Applications for the Water / Wastewater Capacity Fee Subsidy Program are accepted on an ongoing basis and on a first come, first served basis. The $ 60,000 allocated so far is considered an initial budget, according to Jean LaPadula, head of grants for New Market and Main Street. The city could potentially provide more funding, she said, depending on the number of applications.

“I hope that [the grant program] brings in catering establishments that hopefully are on the streets, ”she told the News-Post.

The objectives of the program also include increasing the economic viability of existing vacant or underused buildings, creating jobs, increasing property tax revenues and more. To be eligible, projects must be located in the historic residential merchant district.

More details and a copy of the application can be found at townofnewmarket.org under the “Business Resources” tab. The city also shared a PDF with the details and the app on its Facebook page.

Follow Mary Grace Keller on Twitter: @MaryGraceKeller

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