Princeton Business Works Grant
Overview
Guidelines
Submit
The Princeton Economic Development Authority (PEDA), Princeton Rotary Club, and the Chamber of Commerce of the Two Virginias have partnered to create the Princeton Business Works Grant, a source of funding valued at $1,250, meant to provide relief to businesses planning improvement projects.
Administering this grant is the Princeton Business Works Committee, a group of Rotary Members, the PEDA Director, and the Chamber CEO. The Committee accepts applications via online form, email, or in-person and reserves the right to deny applications for cause. For more details, refer to Eligibility & Terms and Application Submission.
Once submitted, the committee will view the submission and promptly notify awardees. Requirements for grant distribution include a small presentation and discussion of the applicant’s business and improvement project at a Princeton Rotary Club meeting (held on Fridays at noon in Princeton City Hall). Below, you’ll find common examples of both qualifying and non-qualifying expenses:
Administering this grant is the Princeton Business Works Committee, a group of Rotary Members, the PEDA Director, and the Chamber CEO. The Committee accepts applications via online form, email, or in-person and reserves the right to deny applications for cause. For more details, refer to Eligibility & Terms and Application Submission.
Once submitted, the committee will view the submission and promptly notify awardees. Requirements for grant distribution include a small presentation and discussion of the applicant’s business and improvement project at a Princeton Rotary Club meeting (held on Fridays at noon in Princeton City Hall). Below, you’ll find common examples of both qualifying and non-qualifying expenses:
Qualifying Expenses
- Repair or replacement of windows, doors, walls, or other architectural elements of your business property
- Painting, decorative lighting, awnings, or canopies
- Conversion of storefront, masonry repair, cleaning, or paint removal
- Restoration of historical elements of a property
- Repairs, updates, or improvements in response to a City inspection
- All materials and labor for work performed in association with above-mentioned expenses
- Professional or contracted services utilized for the completion of the above-mentioned expenses and/or other direct business support projects
Non-Qualifying Expenses
- Expenses incurred before ninety days from deadline
- Property Acquisitions: Mortgages, land contract financing, or loan fees
- Operating Costs: Common expenses incurred within a normal day-to-day or building permit fees
- Inventory Acquisition: Applications intended to purchase, lease, or otherwise acquire goods to be sold
- Personnel Expenses: Applications intended to subsidize a benefit to employees of applicant
| Title | Description |
|---|---|
| Active in Princeton | For businesses within the incorporated city limits of Princeton, WV, with an active business license. |
| B&O Taxes | Good standing with B&O Tax obligations. |
| Ineligible Expenses | Inventory, salary expenses, or other operating expenses (such as utilities) are ineligible for this grant. |
| Rotary Club Presentation | Recipient must attend a Rotary Club of Princeton meeting and participate in a business/project presentation. |
| Grant Award | Grant funding is paid directly to applicants. |
| Proof of Exependitures | Proof of expenditures equating to or exceeding the grant amount must be provided with applications. |
| Award as Reimbursement | Grants will be awarded as a reimbursement of work completed, with the applicant providing recipients of costs within the quarter of shown costs. |
| PLEASE NOTE | Even if your type of improvement project is not listed or is implied as being a qualifying expense, Princeton business owners are still encouraged to apply, as the Princeton Business Works Committee awards funding for this grant at its discretion. |