The DDA offers an AWARD program for eligible improvements for properties located in the DDA District.
The intent of the Building Facade Award Program is to strengthen the economic viability of downtown Romeo by providing incentives for improving the exterior of existing buildings. The Building Award Program encourages the preservation of the architectural heritage and the unique atmosphere of historic downtown Romeo. The best approach to encouraging compatible downtown building design is through preservation of a building’s original architectural features whenever possible.
The purpose of The Romeo Downtown Development Authority is to correct and prevent deterioration in the Romeo Business District; to encourage historic preservation; to authorize the creation and implementation of development plans in the district and promote economic growth.
The Romeo Downtown Development Authority may consider requests for funding events or programs within the Downtown DDA District that promote, enhance, and otherwise benefit the Downtown DDA District and help the DDA achieve the stated purpose above.
The DDA offer s a grant program for eligible improvements for business signage for commercial property located in the DDA District. This is a matching grant program with applicants potentially receiving up to 50 percent of the cost of eligible signage improvements. Funds are available for this program on a first come, first served basis. In 2016 – 2017, the Romeo DDA allocated $1,500.00 for improvements. The SIGN Grant Program provides partial reimbursement for eligible signage improvements for current buildings and new construction, to property owners and new or expanding downtown business tenants.
A maximum reimbursement of $500.00 per business may be paid by the DDA. This ceiling will be reviewed annually and may be adjusted according to funds available for the SIGN Grant Program.