VOC small business program takes milestone as four additional businesses receive funding

Two new small women-owned businesses – a women’s boutique and a marketing consultant – and two commercial facade improvement projects are receiving financial assistance from the Town of Covington.

The four awards mean the city’s small business program – which recently gained international recognition – has now helped 100 applicants over its five years.

The Covington Council of Commissioners this week approved incentives for four projects:

Catrena Bowman-Thomas recently opened Inspired Fashion on Madison Avenue. (Photo by City of Covington)

• $ 5,100 to subsidize the rent for the first year for Inspired fashion, a clothing and accessories store that recently opened at 827 Madison Ave.

• $ 6,000 to subsidize the rent for the first year for Marketing of painted bread, a consulting firm whose clients include businesses and not-for-profit organizations. It is located at 11 E. 5th St.

• $ 6,000 to Schreiber Family Trust circa $ 16,097 in exterior improvements to a commercial building at 212 W. Pike St. Work includes installation of a WOW automated irrigation system for flower boxes and repair, waterproofing and grouting. masonry. It supports nearly $ 50,000 in interior renovations.

• $ 6,000 to Lewisburg Gateway LLC towards $ 16,940 in exterior improvements that will help transform a vacant multi-family dwelling at 713 W. Pike St. into a mixed-use building. The works include the installation of a WOW automated irrigation system for the flower boxes and the replacement of the windows on the ground floor.

“In five years, the Small Business Program has filled or upgraded 98,000 square feet of vacant commercial properties with new businesses found throughout Covington,” said Ross Patten, deputy director of economic development for the city. “We can’t wait to see what we can do over the next five years. “

The incentives came during the second round of funding under the City’s Small Business Program, which sets aside $ 150,000 to help start-ups with first-year rent and commercial property owners. to modernize their exteriors.

With the allowances, the program still has $ 106,525 available until June 30.

Businesses wishing to apply for facade or rent assistance should contact Ross Patten at 859-292-2144 or rpatten@covingtonky.gov. Applications and guidelines for the programs can be found at www.covingtonky.gov.

Of the 100 projects in Covington supported by the program since its inception in 2017, 35 companies are owned by minorities, women and / or veterans.

The program recently received an award from the International Economic Development Council, the world’s largest council of development professionals.

Town of Covington

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