The Buckeye Economic Development Department’s Catalyst Program recently received an Award of Merit during the Golden Prospector Awards at the Arizona Association for Economic Development’s Fall Forum.
The Golden Prospector Awards encourage and recognize excellence in economic development while honoring initiatives, programs and processes with “documented successful outcomes.”
The Catalyst Program competed in the Economic Development Program/Process category.
The Catalyst Program focuses on the redevelopment of existing buildings through private investments. Local businesses can apply for up to $50,000 in city funding to help expand, rehabilitate, beautify or enhance their landscaping, or provide public parking or lighting.
Projects that receive funding are required to match between 25% to 50% of the total project cost. Over the past five years, the Catalyst Program has resulted in:
• 30 projects funded.
• $461,000 in city funding.
• $1.3 million invested in the city from the private sector.
• 3:1 return on investment.
Find out more information,