Grants

Spencer Main Street Micro Grant Program

Overview

Main Street Micros provides funding opportunities for Spencer Main Street businesses to support growth, improvements, and development. This competitive grant program is offered by the local Spencer Main Street board, with two funding rounds each year in the spring and fall. Each round awards first, second, and third place grants, with a maximum total of $15,000 distributed. Businesses may apply for funding for projects that have already started, with a lookback period of three months. Award recipients must continue operating within the designated Main Street district for at least two years following the contract start date or repay the awarded grant funds.

Purpose & Objectives

The program is designed to strengthen existing Main Street businesses, improve the district’s visual appeal and functionality, and attract businesses that align with Spencer Main Street’s focus on experiential retail and dining. Grant funding may be used for:

• Building or façade improvements
• New business incentives
• Business expansion seed capital
• Projects that provide long-term community benefits
• City code compliance for upper-story or unused square footage development

Program Incentives

Qualifying businesses may receive grants of up to $10,000. The final award amount is determined based on the total project cost and application score. Funding will not exceed 75 percent of total project costs or $10,000, whichever is lower.