New applicant for the Business Improvement Reimbursement Program FY 2019.
The Stuart CRA Business Improvement Reimbursement Program is an incentive program designed to encourage visible, exterior improvements to commercial businesses in the Stuart Community Redevelopment Area.
The grant program provides a reimbursement grant of up to $10,000 of public funds per property to match private funds to pay for the design and completion of property improvements. The grant shall be available for commercial businesses which may qualify for a reimbursement of 50% of the applicants total project costs up to $10,000.
The Community Redevelopment Area Plan allows for such programs to promote redevelopment and private investment in the CRA.
The CRA received three applications for FY 2019 funding cycle. However, one applicant was outside the CRA boundary and one applicant withdrew the application because of the timeline.
Staff is requesting to continue the program and starting the next FY 2019 grant cycle beginning February 1, 2019 for 90 days.