District Improvement Grants (DIG /TIF) – Business Improvement Grants
Tax-Increment Financing (TIF) Grant Program
As part of our small business development strategy, we offer Business Improvement Grants to businesses in the Jade District. Funds are generated through Tax Increment Financing and invested in the commercial areas in the Jade District. Our goal is to make these funds as accessible as possible to businesses in the Jade District. We favor projects that create long term relationships and serve community needs and public benefits, such as lighting or green space improvements.
To be eligible, a business must be in the investment area and the project must be a “capital improvement” which means it must be a permanent improvement to the property. For example, installing a new HVAC system or new landscaping is a permanent improvement. However, floor lamps, chairs, or regular maintenance projects are not eligible. If you have questions about whether your business or project is eligible, we encourage you to reach out and apply and we can help determine your eligibility and how we can support you!
The goal of the Business Improvement Grant
The Jade District works to support and root small businesses in place that serve the residents and community in the Jade District. This program is designed to be transparent, accessible, and equitable. Our goal is to keep the character and stability of the community that currently lives in the Jade District. This grant will fund improvement projects that serve that goal.
Who is eligible
Any building owner or tenant with lease authority and authorization from the property owner can apply for funding within the Jade District NPI Boundaries (see attached map). English language proficiency is NOT a requirement. Tenants must have a minimum of five years remaining on their lease or an option to renew.