DDA approves $300 sign-assistance grant for Flip Your Financial

The Lapeer Downtown Development Authority on Wednesday approved a $300 sign-assistance grant for Flip Your Financial to replace an existing front sign and an entrance sign on Clay Street.

The applicant submitted two sign applications: the front sign cost was listed as $534 and the back/entrance sign as $402. The placemaking/design committee recommended awarding a single $300 grant to ensure remaining sign-assistance funds were conserved for additional applicants.

The motion to approve the $300 grant was moved by Chris and supported by Jack. After brief discussion, the board voted “aye”; no roll-call tally was taken and no member recorded a dissenting vote.

The placemaking committee’s recommendation noted that either of the individual signs would qualify for up to $300 on its own, but awarding a single capped grant preserves reserve funds for other businesses seeking sign assistance through the DDA program.

The grant is intended to help small downtown businesses maintain visible storefronts while the DDA manages its remaining sign-assistance budget for the year. The board did not specify whether additional follow-up or inspection is required once the signs are installed.