Commercial Grants
Business Attraction & Expansion Grant
The Business Attraction and Expansion Grant will cover 50% of the project cost up to $200,000, toward specifically defined, and approved costs that are related to relocation and attraction of businesses. This program is best suited for businesses previously not located within the boundaries of the CRA or those looking for an opportunity to expand. A portion of the grant can also be used to cover half of the monthly rent of an approved property for up to 6 months during the renovations.
Business Facade Grant Program
This program offers up to $30,000 with no match requirement, to eligible commercial property owners or business operators for improvements for exterior of the building. This grant is subject to 100% forgiveness, pending the successful completion of a 5-year maintenance period on the improved property.
Rehabilitation Grant
The Rehabilitation Grant program provides up to 50% of the total cost of interior and exterior improvements to property owners and businesses in an amount not to exceed $100,000
Capacity Building/Retention Grant
The Capacity Building/Retention Grant Program will focus on helping existing small businesses enhance their operations and capacity during the redevelopment of the area. Up to $10,000 can be used for approved business expenses or approved technical support and/or training.
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West Dixie Small Business Tech & Innovation Grant
The West Dixie Small Business Tech & Innovation Grant Program is designed to support small businesses on West Dixie, providing funding for technology upgrades aimed at enhancing operational efficiency and capacity. This grant program offers financial assistance of up to $7,500 to eligible businesses for the purchase and implementation of technology-related equipment and services.
7th Avenue Bizboost Small Business Grant
The NW 7th Ave Biz Boost Grant Program was developed to provide strategic support for established businesses needing to access the next level in their entrepreneurial journey. By targeting specific eligible uses, the NMCRA is providing up to $5,000 of grant funding to eligible businesses, which is expected to catalyze growth for approved applicants located on NW 7th Avenue within the NMCRA geographic boundaries.
Teach to Fish Small Business Grant
The Teach to Fish Biz Boost Grant Program was developed to provide strategic support for established businesses needing to access the next level in their entrepreneurial journey. By targeting specific eligible uses, the NMCRA is providing up to $5,000 of grant funding to eligible businesses, which is expected to catalyze growth for approved applicants located within the NMCRA geographic boundaries.