This is the second month of the new grant program, with more than $10,000 distributed in May.
The grants are through Main Street’s new Business Resiliency Fund, made possible in June by contributions from the Duke Energy Foundation through the City of Madison Department of Economic Development. Additional donations were received from private citizens and local businesses. The grants, covering up to 50% of the monthly payment, are distributed to businesses on a reimbursement basis.
Madison Main Street, a 501(c)(3) nonprofit, has plans for this fund to become an ongoing relief opportunity for downtown businesses during times of crisis. “We want to take pressure off our downtown businesses, to allow them to focus on making sales and getting customers in their doors, “Sims said.
Additional contributions should be payable to Madison Main Street, with Business Resiliency in the memo line, and mailed to P.O. Box 327, Madison, Indiana 47250. For more information, call or e-mail Austin Sims, executive director, 812-274-0195, email@example.com.
Madison was one of the first three original Main Street pilot communities in the United States in 1977. Madison Main Street is designated by Indiana Main Street as a nationally accredited community in the Main Street America program.
“As a Main Street organization, we are not successful unless our downtown businesses are successful,” Sims stated. The local organization spearheads many projects that assist businesses and bring people downtown, including Music in the Park, Fourth Fridays, Girls’ Weekend, and the Main Street Loft Tour.