The City of Spencer, Iowa administers the Local Option Sales Tax (LOST) Grant Program to provide financial assistance for projects that advance community development or stimulate economic growth within the city. Funded by local sales tax revenues, the LOST Grant reflects Spencer’s commitment to reinvesting public funds into initiatives that enhance quality of life and improve long-term economic outcomes for its residents.
Eligible applicants for this program include local government departments and nonprofit organizations operating in or serving Spencer. Projects must fall under one of two categories: Community Development or Economic Development. The Community Development category supports initiatives such as neighborhood revitalization, public safety infrastructure, arts and culture programs, and improvements to parks or public amenities. The Economic Development category focuses on job creation, business expansion, downtown improvements, and strategies that enhance the city’s commercial appeal or tax base.
Applications must include a narrative that addresses the project’s goals, timeline, expected impact, sustainability after the grant period, and partnerships with other community organizations. A minimum match contribution of 25% is recommended, and applicants must provide documentation of these matching funds. A detailed budget is required, highlighting which expenses will be covered by the LOST Grant versus other funding sources. The City places high value on financial sustainability and alignment with its long-term strategic goals, so clarity in these areas is critical.
All applications are due by March 1, 2026 at 4:30 PM. Forms are available through the City of Spencer website, and completed applications must include a full narrative, supporting documentation, and a signed certification form. Applications will be reviewed by the Finance Committee and the City Council, with funding decisions announced by April 6, 2026. Projects are expected to align with the city’s 2026–2027 fiscal year priorities.
Applicants must ensure their projects comply with all public fund usage requirements. All awarded grants are subject to audit and public disclosure. For questions or additional information, applicants can contact the City of Spencer via email at info@spenceriowacity.com or call 712-580-7200. The LOST Grant provides an essential resource for community-focused initiatives that make Spencer a more livable and economically resilient city.
