Mt. Pleasant launches rental subsidy program for new downtown businesses

Beginning January 20, 2020, a rental subsidy program will be offered to new downtown Mt. Pleasant businesses. Fully Funded by Lake Trust Credit Union, and administered by the City’s downtown development office, the Make It Mt. Pleasant Program is designed to support new retail, dining, arts and entertainment businesses. The program focuses on first floor commercial spaces within the downtown TIFA district.

Up to two businesses will be accepted and funded per year. Selected applicants will receive 12 months of rental assistance, not to exceed $4200, as well as a City fees and charges waiver not to exceed $2500. The City fees and charges waiver includes costs associated with building, sign, outdoor merchandising and outdoor dining permits.

“Lake Trust Credit Union is committed to being an engine of community well-being. By funding the Make It Mt. Pleasant program we are providing pathways to entrepreneurship and fostering economic development. Supporting a thriving downtown delivers value and drives economic impact in Mt. Pleasant,” said David Snodgrass, President and CEO, Lake Trust Credit Union. “This program creates an important bridge for business owners toward long-term success.”

Michelle Sponseller, Downtown Development Director added, “The Make it Mt. Pleasant program provides entrepreneurs valuable start-up assistance, and the opportunity to establish their business in the downtown district.”

Applications will be available starting January 20, 2020. Interested parties must schedule a pre-application meeting with City staff prior to submitting an application. Contact Michelle Sponseller at (989) 779-5348 or to schedule an appointment. To download a copy of the Make it Mt. Pleasant guidelines and application please visit: