Are we able to use the grant for a down payment towards a property or for a renovation?

No, grant funds may not be used towards real estate and/or physical tenant improvements. Loan funds (administered through MEDA) may be used for real estate and/or physical tenant improvements. 

Link to Resource page coming soon.

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For the documented plan on how I would use the funds for my business, what should I consider?

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Can I use a grant to pay off an existing loan or debt?