STILLMAN VALLEY – On Saturday, Nov. 17, Village leaders and residents gathered for a presentation of a Business Matching Grant for the fiscal year 2018-2019.
Mark and Cheri Davis, co-owners, Cardinal Corners, Ladders of Learning are the recipients of the $4,273 grant which they used for exterior improvements to their business located at 218 N Walnut St. This is the third year in which Mr. and Mrs. Davis have applied for and received a Business Matching Grant.
Since its inception in 2016, the Business Matching Grant program has awarded more than $75,000 in grants to businesses located in the Village of Stillman Valley. Looking for ways utilize revenue from video gaming, the Village leadership along with the Stillman Valley Economic Development Committee created the program for the purpose of promoting and advancing the economic climate and the future of the Village.
“It is important to the Village Council to promote and foster economic development. This program allows us to provide financial support our business owners for very specific projects that help improve our Village,” said Becky Waltrip, Village president.
Each year the Village Council approves funds for the Business Matching Grants with the majority of the funding to come from the video gaming receipts. These grants are available to all businesses located within the Village limits for improvements such as upgrades to utilities, store front improvements, sidewalks, outside building repairs and outside grounds improvements. The grant is to be no more that 50 percent of the cost of the project per business year. Applications are due by May 1st of the current year.
For more information about the Business Matching Grant program contact Stillman Valley Village Hall 815-645-2200.
About the Village of Stillman Valley
Stillman Valley is located in Ogle County, with a population of 1,120. It lies east of Byron, south of Rockford and west of Davis Junction.