Areas Served: City of Akron – Individual storefronts on Main Street, which are vacant within the blocks along Main Street bounded by South High Street, Cedar Street, Water Street, West Buchtel Avenue, West Bowery Street, South Main Street and Furnace Street.
The Main Street Business Incentive Program is to stimulate new investment and street-level business activity on Main Street by aiding retail business start-ups, reducing storefront vacancies and improving downtowns image.
Business/Project: Available to retail downtown businesses.
Excluded from eligibility are general offices, manufacturing, government, non-profit entities and social service entities.
Rate/Terms: Purchase Grant, or a Lease Grant up to $5,000 is available.
The grant will be used to match on a 50/50 basis the purchaser’s down payment or the tenants first-year lease costs.
In addition, a matching Improvement grant of up to $10,000 for improvements to the retail space.
Eligibility: Businesses must be for-profit, retail oriented and be downtown.
This program applies only to those individual storefronts on Main Street, which are vacant within the blocks along Main Street bounded by South High Street, Cedar Street, Water Street, West Buchtel Avenue, West Bowery Street, South Main Street and Furnace Street.
Contact InformationAkron Office of Economic Development
Address: 166 South High Street, Suite 202
City: Akron
State: Ohio
Website:
http://www.akronohio.gov/cms/economic_development/index.html
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