Growing Rock Island Together (GRIT)

The goal of the Growing Rock Island Together Program is to provide low interest gap financing in conjunction with a forgivable loan for projects to help incentivize business expansion, attraction, and entrepreneurial business creation. This program is designed to encourage new and expanding business investment, foster revitalization of commercial corridors, and encourage private investment in commercial structures. 

  • GRIT is designed to be delivered as loan funding with 50% structured as a low-interest loan, and 50% structured as a forgivable loan.
  • GRIT will match up to 30% of total project cost.
  • GRIT will match up to $50,000 per project.

Eligible activities include:

  • Building or land purchase
  • Rehabilitation of or construction of a commercial property
  • Modernization or "re-tooling" of business operations
  • Infrastructure related to employment
  • Clearance, demolition, and removal of buildings to develop sites
  • Site remediation and analysis
  • Business education and technical assistance

How to Apply

To begin the application process, please fill out the Business Assistance Intake Form.