The Commercial Interior Build-Out Assistance Program is designed to help facilitate the establishment of new businesses and aide in the expansion of existing businesses within the City who are not located in the Community Redevelopment Area. The program is designed to provide financial assistance to new and existing businesses in the form of a subsidy intended to reduce a business’s initial costs associated with the construction and interior finishing of a new or expanding location. Improvements must be permanent and stay with the building.
Applicants may be eligible for up to $15,000 in grant funding to assist with the cost of commercial interior construction or renovations. The amount of grant funding is determined by the number of jobs created by the applicant. Each full-time equivalent (FTE) job created is worth $5,000.00 in funding assistance from the City with a maximum grant award of $15,000. Items eligible for funding under the program are limited to:
- Interior walls
- Interior plumbing
- Interior electrical system including lighting
- HVAC system
- Fire and/or Burglar Alarm systems
- Fire suppression systems
The Commercial Rent Reimbursement Program offers financial assistance to commercial and industrial businesses in the form of rent payment reimbursement for up to half of the business’s monthly rent, or $1,000.00 per month, whichever is less. The time period of eligibility for assistance is up to twelve months within the first eighteen months of a multi-year lease. The maximum total reimbursement per business is $12,000.