{"id":14124,"date":"2024-10-09T17:26:45","date_gmt":"2024-10-09T17:26:45","guid":{"rendered":"https:\/\/www.ohiocity.org\/?page_id=14124"},"modified":"2025-07-25T14:40:54","modified_gmt":"2025-07-25T14:40:54","slug":"business-resources","status":"publish","type":"page","link":"https:\/\/www.ohiocity.org\/business-resources\/","title":{"rendered":"Business Resources"},"content":{"rendered":"\n

\n\t\t\tLIVE IN OHIO CITY\t<\/h1>\n

\n\t\t\tNeighborhood Retail Assistance Program\t<\/h2>\n

\n\t\t\tNRAP\t<\/h1>\n

\n\t\t\tThe Neighborhood Retail Assistance program (NRAP) is structured to provide access to capital to small retail-related businesses and targets projects which will upgrade the exterior appearance and feel of retail districts. The program offers low interest loans up to $40,000 with up to $3,000 of that loan forgivable if certain green building methods are utilized.\u202f \t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tMore Information\n\t\t\t<\/a>\n

\n\t\t\tStorefront Renovation Program\t<\/h2>\n

\n\t\t\tSRP\t<\/h1>\n\t\t\t\n\t\t\t\t\t\t\tRETURN TO TOP\n\t\t\t<\/a>\n

\n\t\t\tThe City of Cleveland Storefront Renovation Program offers financial incentives (rebate and\/or loan) combined with free City design assistance to applicants considering an exterior rehabilitation of a commercial structure. Applicants of SRP may also be eligible for the Ohio City Incorporated Neighborhood Development Program, contact Ohio City Incorporated for more details. Combining financial incentives with free design and technical assistance provides opportunities to rehabilitate entire building facades and create dynamic signage.

There are two categories within the Storefront Renovation Program:\t<\/h2>\n

\n\t\t\tOption 1\t<\/h2>\n

\n\t\t\tComprehensive Building Rebate \t<\/h1>\n

\n\t\t\tRehabilitating the storefront and fa\u00e7ade of your building not only improves its value, but can also raise the rates for which you rent your space. The Comprehensive Building program of SRP offers a 40% rebate of up to $25,000 on all eligible exterior improvements.\u202f Eligible improvements are limited to rehab costs for work done to the main elevations commonly seen by the public.\t<\/h2>\n

\n\t\t\tOption 2\t<\/h2>\n

\n\t\t\tsignage-only rebate\t<\/h1>\n

\n\t\t\tA major study titled “Research on Signage Performance” conducted by the University of San Diego looked at the economic benefits of on-premise signage and the financial performance of independent retailers in commercial districts found installation of professional quality on premise signs can increase retail profits up to 23.7%. Further, the study documents that on-premise signage is the most cost-effective means of advertising for small businesses when looked at on a cost per 1,000 exposures of a message basis (which is the standard measure of cost of media). Free design and technical assistance partnered with a 40% rebate up to $3,000 can help small business owners get quality and dynamic signage.\t<\/h2>\n

\n\t\t\tBuilding Eligibility\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tRETURN TO TOP\n\t\t\t<\/a>\n\t

To qualify for the Storefront Program Rebate or Loan Incentive<\/strong>, buildings must fall into at least one of the following categories:<\/p>\n