Development Opportunities and Programs
Commercial Property Improvement Grant Programs
Over the years, as newer developments have come into surrounding areas, some of the older shopping centers and storefronts in Margate have fallen into disrepair due to aging and neglect. These properties lack aesthetic appeal and are not as attractive to potential tenants or shoppers. Recognizing that improving the physical appearance of buildings and storefronts contributes to the overall character of a business district and can ignite economic development, the Margate Community Redevelopment Agency (MCRA) initiated Commercial Property Improvement Grant Programs. The programs are designed to encourage property owners to voluntarily upgrade the exteriors of their property.
The Property Improvement Grant Program provides grant funding for two purposes: for façade improvements and/or landscaping upgrades for commercial properties located in the target areas, on a reimbursement basis for pre-approved improvements. Eligible façade grant expenses include design fees, permit fees, construction costs for new impact storefront systems, awnings, exterior light fixtures, etc. Eligible landscaping expenses include landscape design fees, asphalt removal, plant materials, irrigation systems and installation, permits, water meter installations, and water impact fees. See program policies and procedures for more information.
Program funding recipients must enter into an agreement that guarantees the recipient will not alter the funded improvements and will maintain the funded improvements for a minimum of eight (8) years. Potential applicants must schedule a pre-submittal meeting with the MCRA staff. The MCRA will not consider funding for work undertaken prior to approval by the MCRA, nor for work previously done, underway, or currently permitted.
Property owners interested in these grants should call 954-935-5320 or email email@example.com to schedule a pre-submittal meeting to discuss the proposal.
|Commercial Property Facade Improvement Grant||Application and Guidelines|
|Commercial Property Landscape Improvement Grant||Application and Guidelines|
New Business Incentive Grant Program
The New Business Incentive Grant program is designed to help facilitate the establishment of new businesses within the Margate Community Redevelopment Agency. The program provides financial assistance in the form of a grant to new businesses to reduce costs associated with the construction of new building(s) that will house the new business. The program will provide financial assistance as a reimbursement after project completion to eligible new businesses for costs associated with the construction of the commercial operating space and related improvements. The incentive consists of a 5% reimbursement of eligible construction costs up to a maximum of $500,000, subject to the requirements of the program.