The town of Gypsum is allocating $60,000 for its new Gypsum Business Grant Program.
Town council members hashed out the guidelines on Tuesday night. Members of the Gypsum Chamber of Commerce will be eligible for grants up to $10,000 in two categories - site enhancement or economic development. Applications in excess of $10,000 may be considered for projects that provide exceptional benefit.
Gypsum Town Manager Jeff Shroll said a meeting will be scheduled soon to explain the grant application in more detail.
Annual membership dues to the Gypsum Chamber are $120. The council members debated if Chamber membership should be required for applicants.
"For someone getting $10,000, being a Chamber member would show a reciprocal concern for the community and $120 a year is not prohibitive," said council member Tom Edwards.
Chamber representatives added that it is also possible to earn a membership by helping with Chamber events.
Chamber President Marisa Sato estimated that only a third of Gypsum's storefront businesses are Chamber members.
"The grant opportunity should bolster that," said council member Tim McMichael.
The application says site enhancement grants will be for "improving the appearance of individual businesses, which helps to provide an improved image for the town's business community as a whole." The first guideline for site enhancement applicants says "preference will be given to site improvements that provide the most significant visual improvement over current conditions as seen from public streets and trails. All properties located in commercially zones areas are eligible to apply and applicants must be in good standing with the town."
The economic development grant is "designed to provide funding for businesses that make capital investments that assist the town in meeting overall economic development goals, which include adding local jobs, providing a unique amenity and a regional customer draw, adding vitality to the town core or other commercial district and diversifying the town's economic base."
The application deadline is 5 p.m. April 30. Applications are available at www.townofgypsum.com and Town Hall, at 50 Lundgren Boulevard. Applicants are required to review their proposed projects with town staff prior to submitting an application to gain an understanding of town codes.