Grants and Incentive Programs

Grants and Incentive Programs

City of New Port Richey Incentives and Grants Program

TARGETED BUSINESSES
• Professional occupations, tourists, eco-tourism, empty-nesters, millennial or retired.
• Workers – business lunches, after work social, and business services
• Local & Downtown Residents – essential neighborhood services

TARGETED AREAS
• Downtown
• Marine District – Community Hospital Area
• Highway 19 Corridor

This program provides funding for property owners and building occupants to repair and rehabilitate buildings located within the City of New Port Richey city limits. These grants encourage job creation and property improvements and an increase to the city property values, as a means to enhance the quality of life for the City and its residents as a whole.

Assistance is provided through reimbursable grants. Funds are available based on the city budget for the program and project approval is required from the Economic Development Department before any work can be started. Once approved, projects must be started within 60 days from the issuance of a building permit and/or be completed within 12 months of signing of the Grant Agreement, unless a written extension is requested and approved. Grant money is awarded at the completion of project.

Applications can be downloaded from the city website or picked up in person at the Economic Development Department at City Hall or requested via email at haasnootj@cityofnewportrichey.org. For more information call the Economic Development Department at (727) 853-1019.

Available Grants:

Commercial Façade and Improvement Grant Program

This grant provides incentives to property owners for improving the exterior of commercial buildings including parking lots and landscaping to increase occupancy, improve appearance, and meet commercial codes. Funding is 50% of project costs or a maximum of $5,000. Locations with multiple storefronts/addresses may qualify up to $10,000. This grant is available to property owners.  to view the application and additional information click HERE.

For large commercial projects with a minimum investment of $50,000  you may view the application and additional information HERE

Leasehold Interior Improvement Grant

The purpose of the Leasehold Improvement Grant is to increase the occupancy rates of leased commercial buildings within city limits. Maximum funding is 50% of the total project cost with no single grant exceeding $2,500. New, expanded or relocated targeted business may receive up to 75% of the total project cost with no single grant exceeding $6,000. This grant is available to business OR property owners. to view the application and additional information click HERE.

For large commercial projects with a minimum investment of $50,000  you may view the application and additional information HERE

 

Commercial Rent Reimbursement Grant Program

The Commercial Rent Reimbursement Grant Program is designed to help facilitate the establishment of new retail businesses and aid in the expansion of existing retail businesses within the New Port Richey Community Redevelopment Agency (the “CRA”) District. The program is designed to provide financial assistance to new and existing retail businesses in the form of rent reimbursement intended to help retail businesses during the critical first year of operation.  You may view the application and additional information HERE