COMMERCIAL RENT REIMBURSEMENT GRANT PROGRAM

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The Commercial Rent Reimbursement Grant Program is designed to help facilitate the establishment of new businesses and aid in the expansion of existing businesses with the Boynton Beach CRA Area. The program is designed to provide financial assistance to new and existing businesses in the form of rent reimbursement intended to help businesses during the critical first year of operation in order to effectively promote new businesses within the BBCRA. 

PROGRAM DETAILS:

This program offers financial assistance through a reimbursable grant in the form of monthly rent reimbursement for the first 12 months of business.

 MINIMUM QUALIFICATION TO APPLY: 

  • Commercial business must be located within the BBCRA boundaries (view CRA Map)
  • Applicant must have a credit score of 601 or higher with no history of bankruptcy
  • Must have at least a 2 year lease
  • Must be a for-profit business
  • New businesses must apply within one year of receiving their City of Boynton Beach Business Tax Receipt
  • Existing businesses are eligible to apply if they are expanding more than 50% of their current square footage or opening a second location
TIERS:

This grant is divided into two tiers of eligibility. Businesses are classified into tiers based on the type of business, which then determines the amount of eligible funding. 

  • Tier One Businesses are eligible for reimbursement for up to 50% of the business's base monthly rent of $2,000 per month, whichever is less and must be one of the following businesses: restaurant, bakery, gourmet food market
  • Tier Two Businesses are eligible for reimbursement for up to 50% of the business's base monthly rent of $1,750 per month, whichever is less, and include, but are not limited to, the following types of businesses: accounting offices, real estate offices, fitness centers, specialty business, clothing boutique, hair/nail salon, medical office, insurance office, florist, marketing office, take-out foods

PROGRAM APPLICATION: 

Click here to read the Commercial Rent Reimbursement Grant Program Rules and Regulations.

To submit a grant application, use the online application portal.

For more information on the Commercial Rent Reimbursement Grant Application, please contact Bonnie Nicklien at NicklienB@bbfl.us or (561) 600-9090.