Applications for Isringhausen DRIVE Grant now open for businesses to locate downtown

The Isringhausen DRIVE Grant will launch a second round of applications to support and nurture new businesses in the downtown area. This grant is part of Isringhausen’s commitment to fostering entrepreneurship, innovation and economic growth within our community.

The Isringhausen DRIVE Grant provides financial support to entrepreneurs looking to establish new businesses in the downtown area. The sizable cash grant funds remodeling, inventory, equipment, advertising and other start-up related costs to help empower new business owners in their venture, enabling them to thrive and contribute to the economic vitality of downtown Springfield. Grant applicants will also receive mentorship and guidance from professionals in various fields throughout the application process to polish their business plans, foster their growth and increase their chances of long-term success.

“Isringhausen Imports began 40 years ago with a handful of cars and a dream,” said Geoff Isringhausen. “We’ve grown a lot since then and are thrilled to help a new generation of entrepreneurs fulfill their dreams with the Isringhausen DRIVE Grant for small, downtown Springfield businesses.”

To be eligible for the Isringhausen DRIVE Grant, businesses must be a new start-up looking to open downtown, or a business relocating/expanding to the downtown area. Applicants must demonstrate a clear business plan, innovative ideas and a commitment to fostering positive community impact. The grant committee will assess applications and business plans based on these factors, along with other criteria designed to ensure fairness and transparency in the selection process, before their final presentations and interviews.

The Isringhausen DRIVE Grant further emphasizes Isringhausen’s dedication to the Springfield community and its ongoing efforts to contribute to the economic growth and prosperity of the downtown area. By investing in the next generation of entrepreneurs and businesses, Isringhausen aims to fuel the local economy and ensure that downtown continues to thrive.

Applications for the Isringhausen DRIVE Grant are open now and will be accepted until Aug. 18. Interested entrepreneurs and business owners are encouraged to visit this link for more information on the grant, eligibility criteria and the application process.

The Wakery, 5 Old State Capitol Plaza, opened in April after the late-night coffeehouse and dry bar received the first Isringhausen DRIVE grant. Owner Elizabeth Wake said she wants to provide a positive nightlight atmosphere and build up an inclusive, non-alcoholic community.