Fairbury Downtown Design Challenge Grant
For Storefront and Facade Improvements in the Fairbury Downtown Historic District
2010 – The City of Fairbury LB840 fund offers matching grants for storefront and façade improvements in the downtown business district up to a maximum amount of $3,000.00 per storefront. Design challenge grants are intended to stimulate private investment in the revitalization of downtown architecture and to foster image-making improvements to downtown commercial properties.
Funding for the Fairbury Downtown Design Challenge Grant Program is provided from the Local Option Sales Tax Program (LB840). Grants are made in accordance with the Fairbury Downtown Design Challenge Grant policies and are in conformance with all applicable state and local requirements. The City of Fairbury administers the Program under the contract.
The State of Nebraska allows local communities flexibility in establishing economic development at the local level through what is known as the LB840 program. The City of Fairbury has implemented an LB840 fund to use as an incentive for business retention, expansion, moves to the community and startups. The program is currently established as a grant program to enhance other funding avenues used by a business in the project. The program is highly flexible, and leaves the funding approval process up to the local level.
Past projects have included the purchase of land for Industrial and Retail development, infrastructure improvements, business acquisitions, industrial facility construction, seed capital for expansion of product lines, and partnerships with local housing development. The City of Fairbury has committed to working with SouthEast Nebraska Development District (SENDD) for the management of the program’s activities.