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Click on one of the loan programs below to learn more about how Main Street Fairmont is working to help businesses revitalize themselves while improving downtown!
LOW INTEREST LOAN PROGRAM
The loan pool was created in conjunction with our local financing institutions to promote commercial or residential development in Marion County. Qualifying projects must include a new façade renovation plan or a new interior rehabilitation plan or a building purchase plan. These plans must be approved by the Main Street Design Committee. [Learn More]
BANKING ON BUSINESS LOAN PROGRAM
Federal Home Loan Bank of Pittsburgh
Main Street Fairmont has partnered with the Federal Home Loan Bank of Pittsburgh to offer the Banking on Business program.
Delivered through member financial institutions, BOB funding helps eligible small businesses with start-up and expansion. Each BOB dollar FHLBank contributes will likely leverage an additional $6 in financial resources to small businesses in the region, thereby creating or retaining jobs and improving local communities. [Learn More]
HISTORIC REHABILITATION TAX CREDITS
The Rehabilitation Investment Tax Credit Program provides for a federal income tax credit and a WV state income tax credit for the rehabilitation of historic, income producing properties. Under the provisions of the Tax Reform Act of 1986, a 20% federal tax credit is available for the substantial rehabilitation of commercial, agricultural, industrial or rental residential buildings that are certified as historic. The credit is applied directly against taxes owed by the owner. There is a similar 10% state income tax credit available to owners. The total credit on a qualified project is 30% of approved rehabilitation costs. [Learn More]
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SIGN GRANT PROGRAM
Main Street Fairmont, in cooperation with the City of Fairmont and with a grant from the West Virginia Development Office, has established a Sign Grant Program to assist new or existing businesses in purchasing and installing new signage and updating the exterior of their buildings.
We recognize that signs are a vital part of any business district. Signage is a source of information and communication for both residents and visitors to our city. But it is often forgotten that public information and private business signs have a significant impact on the downtown’s visual image. A successful sign can reinforce the image of the downtown as well as serve the needs of the business. [Learn More]
FACADE GRANT PROGRAM
The City of Fairmont and Main Street Fairmont are pleased to announce a Façade and Sign Grant Program for the Main Street Fairmont area. The program is open to any owner or tenant of a commercial building located within the Main Street Fairmont district. Our guidelines encourage creativity while respecting the historic character of our downtown. [Learn More]
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