BUSINESS IMPROVEMENT GRANT (BIG)
A matching grant to support local businesses to assist with interior, exterior, and equipment purchases.
The Parker Business Improvement Grant (BIG) is designed to support local businesses by reimbursing costs associated with business improvement projects. This 1:1 match reimbursement program helps eligible businesses make improvements that enhance their operations, upgrade storefronts and interior spaces, and contribute to the overall economic growth of Parker.
BIG Highlights
1:1 Match Reimbursement:
The program covers up to 50% of the cost of approved improvement projects up to $5,000 for a single tenant, and $15,000 for a multi-tenant property.
Available Year-Round:
Applications are accepted on a rolling basis until funds are fully allocated. Funds replenish every January.
Eligible Projects:
Include interior improvements, exterior and facade improvements, and equipment purchases and upgrades.
Grants Available:
Up to $5,000 is available per project for a single tenant and up to $15,000 for a multi-tenant property. Grants are available until funds run out, with funds replenishing every January.
LEARN MORE:
Business Qualifications
To qualify for the BIG program, businesses must meet the following criteria:
Must be a commercial business within Parker town limits (excludes residential living facilities and non-profits).
Must have 25 or fewer employees (home-based businesses are eligible for equipment purchasing grants).
Must possess a valid Town of Parker Business/Sales Tax License for:
A minimum of 12 months for exterior improvement grants.
A minimum of 24 months for interior improvement grants.
Must be current on all sales and use tax obligations.
Must have no outstanding code enforcement violations at the time of application.
Must obtain approval before beginning construction.
Eligible Project Types
The BIG program provides funding for one-time capital projects, including but not limited to:
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Examples include:
Storefront Facades
Landscaping
Signage
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Examples include:
Flooring
Lighting
HVAC systems
Energy Efficiency Improvements
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Must be essential to business operations and application must indicate class life of equipment
See the IRS Table of Class Lives and Recovery Periods (pages 96-106) to find the "Class Life" in years for the type of equipment you will be using this grant to purchase.
Application Process
Step 1
Submit an Application
Complete the BIG Grant Application and provide the required documentation:
Proof of property ownership or landlord consent.
Two bids from different contractors for the same scope of work. 1:1 matching grant funds are available up to $5,000 for a single tenant and up to $15,000 for a multi-tenant property.
Photos and color renderings of the proposed improvement.
Step 2
Application Review
Applications are reviewed within five business days based on eligibility and available funding.
Step 3
Project Completion & Reimbursement
Approved projects must be completed within the same calendar year.
Upon completion, submit proof of payment and required approvals to receive reimbursement.
Got Questions?
Call us at 303.841.0353 or email us!