The CRA allocated funding the amount of $50,000 for the Business Improvement Reimbursement Program for FY 2020-2021 grant cycle. On March 22, 2021, the CRA approved three grant applications in the total amount of $20,960.
Since there was a remaining grant balance in the amount of $29,310 for FY 2020-2021 program year, the Board approved the extension of the grant cycle beginning April 1, 2021 for up to 90 days. We received 3 new applications and the project details have been provided in the attachments.
The Stuart CRA Business Improvement Reimbursement Program is an incentive program designed to encourage visible, exterior improvements to commercial businesses in the Start 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 applicant's total project cost for up to $10,000.