The long-term goal of the Sherburn EDA is to assist new or existing businesses of all types financially. The goals of the advertising subsidy are as follows:
Goal 1: To encourage new business or new business ownership that will encourage employment opportunities for the citizens of the Sherburn area as well as enhance the tax base of the community.
Goal 2: Maintain an active economic development program designed to capitalize on the Sherburn Area’s assets and overcome deficiencies to build a strong, diverse economy.
Goal 3: Maintain a high quality of life to keep our area a pleasant place to live, work and raise a family.
The following are established as standards for the advertising subsidy program. Each application will be reviewed as an individual transaction.
Eligibility: Eligibility of a business to receive money from the EDA for the purpose of subsidizing advertising costs shall be determined by the EDA using the following criteria:
1. The business shall be a for profit business of any legal type.
2. The business shall be a new business or have new ownership and apply to the EDA for subsidy before or shortly after opening.
3. The business shall not directly compete with existing businesses in such a manner as to unreasonably impair the ability of the existing business to continue its operation.
4. The business shall be a full-time commitment of the person requesting the subsidy.