Grow your business, and beautify your home with us! The City of Henderson has created many redevelopment programs just for you. As a business or resident of the Downtown or Eastside Redevelopment Areas, we invite you to take advantage of these exclusive programs that can literally save you thousands of dollars on improvements, leases, working capital, real estate and equipment.
Residential Assistance ProgramNEW! Beginning July 1, 2013, the Redevelopment Agency will offer a financial assistance program for homeowners and tenants interested in improving the exterior of their home. The program grants money to to sustain property conditions and values and requires property owner participation through a financial contribution. (Available in specific areas of the Downtown and Eastside Redevelopment Areas.)
Developer Assistance ProgramThe Redevelopment Agency offers assistance to developers interested in building in a redevelopment area. Assistance varies and is custom-tailored to each project. Interested developers can begin the process by submitting an application and required supporting documentation.
Business Incentive Programs
Give your business a face-lift! As a property owner or lessee (with property owner consent), this program can help you improve your commercial building and storefront for a very low out-of-pocket cost. The grant can be used for 80 percent of the improvement costs, up to $15,000, unless green initiatives are implemented, in which case an additional 10 percent will be added to the award, for a maximum amount of $16,500. Additionally, a building with double frontage, with facades clearly visible from two rights-of-way, may be eligible for an additional $7,500. Improvements may include: painting your building; landscaping; construction, installation and/or renovation of awnings, marquees, doors, windows, signs, display window lighting, tiles, or pavement between the business door and the sidewalk; and other City approved fašade improvements. (Available in the Downtown and Eastside Redevelopment Areas.)
Grow Henderson Fund
Helping small businesses grow! This program helps to create jobs by funding your small business expenses, such as real estate acquisition, leasehold improvements, working capital, and machinery and equipment. In partnership with the Grow America Fund, Inc., these loans range from $100,000 to $1,000,000.
Eligibility Guidelines & Procedures - Downtown
Freshen up your facade! This program is similar to the facade improvement program above, but it is available to the property owner or lessee (with consent of the property owner) and it is given as a full grant, so it does not need to be paid back. This program will help you to fix or update minor exterior improvements to commercial buildings in the Downtown Redevelopment Areas. You can receive up to $3,000 for your storefront at absolutely no cost to you! (Available in the Downtown and Eastside Redevelopment Areas.)
Stake your claim in style! This program provides loans-to-grants for business signs. As an eligible business owner, you can receive a loan-to-grant for your commercial storefront sign in the Downtown or Eastside Redevelopment Areas. There are nonşowner occupied businesses and owner-occupied businesses loan-to-grants that range from $2,500 per storefront up to $10,000 per storefront. (Available in the Downtown and Eastside Redevelopment Areas.)
Tenant Improvement Grant
The Tenant Improvement Grant offers reimbursement for repairs/replacements/upgrades at a rate of $25.00 per square foot, with a maximum amount of $50,000, unless green initiatives are implemented, in which case an additional 10 percent will be added to the award, with a maximum amount of $55,000. The grant will pay a maximum of 50% of the tenant improvement costs, with the previously mentioned dollar amount limitations, less any grants received from sources other than the Tenant Improvement Grant, credits or rebates. Recipients of this Tenant Improvement Grant Program must pay a minimum of 20% of tenant improvement costs. (Available in the Downtown and Eastside Redevelopment Areas.)
For more redevelopment program information, eligibility requirements and guidelines, please contact the Redevelopment Agency at (702) 267-1515.