The city is hosting workshops to promote new business expansion and enhancement programs scheduled to roll out in May. These initiatives are designed to assist small businesses and tenants in the creative sector dealing with real estate challenges. With updates to the Business Expansion Program to streamline applications and broaden eligibility, officials aim to increase participation. The Place-Based Enhancement Program encourages projects that enhance community vibrancy, particularly in equity priority zones. Feedback from initial workshops highlights the need for clarity on eligibility for incentives related to hiring and expansion.
The updated Business Expansion Program aims to better support small and midsize businesses by streamlining applications and broadening eligibility, especially amid rising real estate pressures.
The workshops are intended to help businesses and property owners understand application procedures for recently approved economic development programs, focusing on enhancing community vitality.
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