Old Brooklyn Community Development Corporation’s partners including, City of Cleveland and U.S. SBA offer a variety of programs to assist commercial property owners and small business owners in the Old Brooklyn neighborhood.  If you are interested in learning more about any of the below programs or have technical questions (ex. zoning), please contact Rosemary Mudry at rosemarym@oldbrooklyn.com or 216-459-1000 x 209.

 

STOREFRONT RENOVATION PROGRAM (SRP)

This City of Cleveland program works directly with OBCDC to offer free design assistance and financial incentives through a rebate/loan program for comprehensive exterior building renovations that contribute to the commercial viability of the neighborhood.  Projects are limited to traditional commercial buildings (originally built with display windowed storefronts), commercially zoned retail structures, and commercially zoned service buildings.

For buildings in Target Areas, a rebate of 40% of project costs up to $25,000 is available.  For properties outside of the Target Areas, a rebate of 40% of project costs up to $15,000 is available.  For more information and to find out if your property is eligible for the program, please contact Rosemary Mudry at rosemarym@oldbrooklyn.com or 216-459-1000 x 209.

NEIGHBORHOOD RETAIL ASSISTANCE PROGRAM (NRAP)

NRAP offers financial incentives to private developers of retail projects, retail businesses, merchants and restaurants for both exterior and interior renovations/improvements, exterior lighting, fencing and signage, landscaping/bike racks, equipment, furniture, fixtures and public art. 

Low-interest loans of up to $40,000, with $3,000 forgivable for sustainable/energy efficient components are available.  Applicants are required to provide at least 10% equity and a personal guarantee.  Projects must also create new jobs and eliminate vacate space. For more information visit: www.rethingcleveland.org or contact Rosemary Mudry at rosemarym@oldbrooklyn.com or 216-459-1000 x 209.

MUNICIPAL-SMALL BUSINESS INITIATIVE

For businesses considering a U.S. Small Business Administration (SBA) loan, the municipal-small business initiative assists with equity requirements by providing a grant of 15% of projects costs, reducing the required business equity to 10%.  Applicants must create one permanent full-time job per $35,000 in assistance.  For more information visit: www.rethingcleveland.org or contact Rosemary Mudry at rosemarym@oldbrooklyn.com or 216-459-1000 x 209.

 

OTHER PROGRAMS

A number of other resources are available to businesses.  Please contact Rosemary Mudry to discuss your project plans.