From time to time, the Riviera Beach CRA is able to provide grants to businesses within the CRA District that need working capital to make improvements to their properties. The objective of these grants is to help improve the visual appeal of the business district and increase the likelihood of additional outside investment in our community.
To date, the Business Incentive Program (BIP) has provided nearly $1 million in grants to businesses within the CRA to beautify 24 properties. The results have been impressive:
- 87,014 sq. ft. building was renovated
- 123.5 jobs (FTEs) were retained, and 44.5 jobs (FTEs) were created by small business grantees
- The grants attracted an additional match of $1 million in private capital improvements
- Over 200 businesses were provided financial counseling through the program’s outreach efforts
The application period to submit a grant application is currently closed.