Governor's Office for Local Development
GOVERNOR FLETCHER ANNOUNCES RENAISSANCE ON MAIN GRANT FOR CITY OF FRANKFORT
FRANKFORT, KY. — Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) today announced a $150,000 Renaissance on Main grant for the city of Frankfort. The grant funding will be used to help fourteen downtown building owners with façade restorations.
Renaissance on Main, formerly Renaissance Kentucky, is a community revitalization grant program that provides cities with funding to restore and maintain their downtown areas. The grant program focuses on promoting economic development and preserving local heritage.
“The city of Frankfort’s work to preserve important local heritage and increase economic investment in the historic downtown area benefits both residents and visitors alike,” said Governor Ernie Fletcher. “Each year, citizens across the commonwealth come to Frankfort to visit the Capitol, the Thomas D. Clark Center for Kentucky History and other historic sites. The façade restorations to buildings in the downtown district will continue to make our capital city a place all Kentuckians can be proud to visit.”
According to Downtown Frankfort, Inc. (DFI), the façade restoration projects are expected to create at least 14 jobs and generate $250,000 in household earnings to the local economy. DFI is the Renaissance on Main program for the city of Frankfort. In 1989, DFI was created by a group of downtown property and building owners to address the decline of the downtown commercial district.
“The Renaissance façade grant awarded to the city of Frankfort will help to maximize the appearance of buildings significant to the downtown experience,” said Sen. Julian Carroll (D-Frankfort). “This beautification effort, in turn, will increase economic investment in the historic downtown and improve the quality for life for residents and visitors to Kentucky’s capital city.”
“Downtown Frankfort, Inc. and the city of Frankfort are working hard to find ways to support the revitalization of our historic downtown,” said Rep. Derrick Graham (D-Frankfort). “The Renaissance façade grant will help businesses and property owners afford the necessary improvements that will make our downtown a more attractive and economically viable center of the community.”
Façade grant funds are available for certified Renaissance on Main communities through a competitive application process. The façade grant program is a reimbursement program available to building owners within the Renaissance on Main district. Building owners submit applications to the local Renaissance program for a 50 percent reimbursement on façade work to their buildings. Work must be completed and paid for in full by the owner before reimbursements are granted.
The Renaissance on Main program partners with the Kentucky Heritage Council/Main Street Program, the Kentucky Department of Tourism, the Kentucky Transportation Cabinet, the Kentucky League of Cities, the Kentucky Housing Corporation, the Federal Home Loan Bank of Cincinnati and GOLD. GOLD is the agency responsible for administering the program.