Truckee to devote nearly $2.7M to help spur economy | SierraSun.com
YOUR AD HERE »

Truckee to devote nearly $2.7M to help spur economy

TRUCKEE, Calif. — The town of Truckee is accepting applications that aim at fostering a healthy, year-round economy.

Goals of the Economic Development Fund and Economic Development Support programs include increasing the town’s tax base, diversifying the local economy and promoting and marketing Truckee as businesses-friendly.



DEVELOPMENT FUND PROGRAM

This program has $2.45 million in general fund reserves and former redevelopment agency bond proceeds. There is no maximum or minimum award amount, with town council approving each amount.



The program provides a one-time incentive to the construction of public infrastructure such as utility undergrounding and sidewalk construction, among others.

Eligible applications include any business in Truckee or one seeking to locate in Truckee; a developer or property owner acting on behalf of a business; local government agencies; and nonprofits that meet program goals.

SUPPORT PROGRAM

This one-time program — unless extended by town council — has $235,000 in general funds. The maximum award amount is $50,000, with council having to approve awards more than $5,000.

The program provides funding for special events, marketing activities, studies to further economic development, among others.

Eligible applicants include local government agencies, business associations, individual businesses and economic development-related organizations that meet program goals.

For both programs, submission of an application does not guarantee funding. For information, contact Alex Terrazas, assistant town manager, at 530-582-2914 or aterrazas@townoftruckee.com.


Support Local Journalism

 

Support Local Journalism

Readers around Lake Tahoe, Truckee, and beyond make the Sierra Sun's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User