City Council, EDC approve revisions to Downtown Building Grant

On October 16, 2023, the Chickasha City Council approved a revised version of the Central Business District Building Grant (also known as the Downtown Building Grant). These revisions were proposed by the Chickasha Economic Development Council staff and previously approved by the EDC Board on October 10.

Under the revised guidelines, the maximum reimbursement is increased from $20 to $25 per square foot. The rate of reimbursement remains $1 for each $3 of private funds. Upon receiving a grant, the property cannot be sold within 24 months. (If it is sold within 24 months, the applicant must pay back the grant in full.)

Other revisions were made to clarify the guidelines and the application process. The updated application information can be found on the EDC website.

Grant applications are processed and accepted on a rolling basis. Property owners interested in the grant are encouraged to contact EDC Director Jim Cowan.