Toledo city officials are considering a new grant program to assist small businesses affected by major road construction projects in legacy commercial corridors. The proposed Legacy Corridor Construction Mitigation grant program aims to provide financial support to businesses struggling with reduced foot traffic and revenue loss during prolonged infrastructure improvements.
City councilmembers Adam Martinez and Theresa Gadus are spearheading the initiative, seeking a $100,000 budget amendment from the city’s general fund. They are also pursuing matching contributions of $50,000 each from the Lucas County Port Authority and Toledo Community Foundation.
The program would offer eligible businesses up to six months of financial assistance, with awards ranging from $1,000 to $5,000. To qualify, businesses must meet several criteria, including being operational for at least one year prior to construction, having proper licensing and tax documentation, and being located within close proximity to ongoing construction projects lasting over six months.
Martinez emphasized the importance of supporting local enterprises during infrastructure upgrades, stating, “As we embark on essential road construction projects designed to enhance our infrastructure, it is vital that we also prioritize the small businesses that form the backbone of our neighborhoods.”
The proposal draws inspiration from similar successful programs implemented in cities like Madison, Wisconsin, Spokane, Salt Lake City, and New Orleans. Funds could be used for various business expenses, including rent, payroll, equipment leases, utilities, and insurance.
While the initiative has garnered support, some council members have called for further discussion before approving the budget allocation. Councilman George Sarantou referred the matter to committee for additional review, despite Martinez’s push for immediate action due to ongoing construction in the Broadway Street corridor.
Mayor Wade Kapszukiewicz expressed support for the concept, calling it a “common-sense solution to a frustrating problem.” He noted the potential for the program to expand to other legacy neighborhoods facing similar challenges in the future, such as Front and Main streets, Lagrange Street, and areas in Point Place and Uptown.
The proposed grant program comes in response to the unique challenges faced by businesses in Toledo’s legacy corridors, which were developed before the 1940s. These areas often feature buildings situated close to the street, making them particularly vulnerable to disruptions caused by road construction.
Gadus highlighted the difficulties faced by affected businesses, particularly those along Broadway Street where construction extends to their front doors. “We don’t want to lose them. They are so important to the fabric of our neighborhood,” she said.
The city aims to balance necessary infrastructure improvements with the economic health of local businesses. By offering targeted assistance, officials hope to help these enterprises remain viable, retain employees, and continue serving their communities during periods of construction-related disruption.
As discussions continue, the proposed grant program represents a potential lifeline for small businesses caught in the crossfire of urban development. If approved, it could set a precedent for how Toledo addresses the unintended consequences of infrastructure projects on its local economy.
The initiative underscores the city’s recognition of the vital role small businesses play in maintaining vibrant, economically resilient neighborhoods. As Toledo looks to modernize its infrastructure, this program could help ensure that the very businesses that give its streets character can weather the temporary storm of construction and emerge stronger on the other side.