A second round of grant applications has opened for new businesses in downtown Springfield. Applicants have until August 18 to visit Downtown Springfield, Inc.’s website and apply.

The Isringhausen DRIVE Grant provides financial support to entrepreneurs looking to establish new businesses in the downtown area. It's part of Isringhausen's commitment to fostering entrepreneurship, innovation, and economic growth within the community.

These cash grants can be used for remodeling, inventory, equipment, advertising, and other start-up-related costs to help new business owners thrive and contribute to the economy of downtown Springfield. Grant applicants can receive mentorship and guidance from professionals throughout the application process for long-term success.

Businesses must be new start-ups looking to open downtown or relocate/expand downtown to be eligible for the grant. Applicants must demonstrate a clear business plan, innovative ideas, and a commitment to fostering positive community impact.

The inaugural DRIVE Grant winner, The Wakery, is now open for business at 5 W Old State Capitol Plaza. They are a late-night nonalcoholic bar and coffee shop that is quickly becoming a destination for people looking to socialize in an alcohol-free environment.