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Medford Urban Renewal Agency (MURA) Board of Directors made positive changes to a familiar downtown program available to business and building owners in Downtown Medford.
In hopes to jump start development, the economy and interest in downtown Medford, the board of directors made changes to the well known Downtown Facade Improvement Grant Program.
Some of the changes include a name change, boundary expansion and the amount of money available to each applicant. The name change was made due to an expansion of work eligible under the new program. The Grant Program reimburses applicants up to $100,000 of the construction costs for the improvement project. This was expanded from a $37,500 matching grant up to the $100,000 matching grant amount. The Agency is hoping that this will encourage growth and redevelopment of businesses within the Agency’s boundary footprint.
Approximately $1.6 million dollars has been awarded in facade grants since the program began in 2000. These grant funds have generated over $3.2 million in building improvements in downtown Medford.