New business or existing business expanding their square footage by at least 25% may be eligible for one of two financial incentive programs!
The first option is a loan incentive, in which the business owner may receive a loan for between $5,000 and $50,000 through a local participating bank for costs associated with opening the new business or expanding the current business. The Downtown Improvement Loan interest rate will be 1.5% below the quoted rate normally offered by the lending institution.
The second option is a grant incentive, in which new or existing businesses undertaking tenant finish improvements, not including inventory or removable/non-permanent equipment, with a dollar value of at least $5,000 may apply for a $2,500 grant as reimbursement for such improvements. The reimbursement is made when the improvements are complete and the business is open to the public.
For more information, contact Lauren Grashoff at 742-6226 or firstname.lastname@example.org
For information on additional Economic Incentive programs offered in Shawnee, click here.