Salem offers a matching grant program to help finance the construction of a new building, or building additions, for commercial, industrial, or mixed-uses in West Salem Urban Renewal Area (URA). Manufacturing equipment and related building improvements may also be eligible.

Maximum Grant Amount: $300,000

Grant Requirement

• 20% matching grant toward eligible projects
• Must increase usable space through a new building addition, construction of a new building, or an increase in building utility through a building remodel for manufacturing purposes
• Investment must remain in the district for at least 10 years
• Interested applicants must provide a demonstrated financial need
• Grant funds may not be applied to costs incurred prior to the grant award.

* Grant requirements may vary based on the grant amount

Eligible Recipient

• Fee title property owners
• Business owner tenants with written authorization from the building owner to conduct building improvements

* Tax-exempt property and businesses are not eligible for grant funds

Eligible Projects

• New building additions, new building construction, or remodeling for new manufacturing equipment that increases the utility of the building
• Building site must be located in the West Salem URA and the building uses must be industrial, commercial, or mixed-use multi-family residential
• Permanent interior and exterior building construction (grant funds may not be used for demolition or the installation of items of a non-permanent nature that could be removed from the building or URA)
• Trade fixtures or equipment that is large and affixed to the grounds or building to improve manufacturing productivity and increase jobs in the area
• Environmental cleanup, environmental assessment and remediation of hazardous substances

Application Documents

• West Salem URA Redevelopment Grant Program
• West Salem Redevelopment Grant Application

Additional Information

• West Salem Urban Renewal Area
• Urban Renewal Agency