THE WIRE · UPDATED 4:57 PM MDT No story is too small.
NewsSalt Lake City

Salt Lake City Launches Program to Aid Small Business Property Repairs

Official source This story comes from an official government or institutional source.
Salt Lake City Launches Program to Aid Small Business Property Repairs
Photo via Utah News Staff
Salt Lake City has opened applications for a new Business Stabilization Program designed to assist small businesses with property damage repair costs. The federally funded initiative provides reimbursements for expenses such as broken windows, doors, locks, and lights.

Key takeaways

  • The Business Stabilization Program offers reimbursements of up to $3,500 per year per property for small business repairs.
  • Eligible businesses must be located in the West Side, Ballpark, or parts of downtown Salt Lake City.
  • To qualify, businesses must have an active city license, have 50 or fewer full-time equivalent employees, and have three or fewer locations.
  • The program covers repairs for items such as windows, doors, locks, and lights, provided the damage occurred within 120 days of application.

Salt Lake City has launched a Business Stabilization Program to help small businesses cover repair costs following property damage, according to a notice from the Mayor's Office.

Applications are currently open for the federally funded program, which aims to reimburse businesses for expenses related to broken windows, damaged doors, locks, lights, and other property damage. The initiative targets small businesses located on the West Side, in the Ballpark area, and in parts of downtown.

Mayor Erin Mendenhall stated that the city aims to support local businesses facing vandalism or unexpected repairs to help keep neighborhoods connected and active.

Under the program, awards are available for up to $3,500 per year per property. To qualify, an independently owned business must have an active Salt Lake City business license, have three locations or fewer, and employ no more than 50 full-time equivalent employees.

Additionally, the damage must have occurred no more than 120 days before the application is submitted, and applicants must have already completed the repairs to receive reimbursement.

Community Development Grant Administrator Shyann Hugoe noted that the program was created after observing a lack of resources for addressing minor property damage through the Neighborhood Business Improvement program. Hugoe added that the program provides support for smaller, unexpected repair needs caused by vandalism.

The application period will remain open until funds are exhausted or until February 1, 2027.

Salt Lake City also maintains the Neighborhood Business Improvement Program, which provides up to $50,000 for facade work, including murals, accessibility upgrades, and code repairs, for businesses in 10 lower-income neighborhoods. Applications for that program are expected to open in spring 2027.

Article details

CategoryNews
CitySalt Lake City
ToneNeutral
SourceAI Generated