business recruitment incentive program (BRIP) grants

The purpose of the proposed Business Recruitment Incentive Program (BRIP) is to support the recruitment of new retail, office, and manufacturing occupants and/or new retail, office, and manufacturing building construction in the City of Palm Bay Community Redevelopment District.  The Bayfront Community Redevelopment Agency has allocated grant funds to property owners as incentives to recruit new businesses and new construction.

As the goal of the program is to encourage business growth in the Bayfront Community Redevelopment District, this program is available to building and property owners who may need the incentive in order to offset the costs of tenant improvements, permit fees, building renovation, new construction or brokerage commissions.  The program will be used to attract both new retail, office, and manufacturing occupants that locate in the Redevelopment District in existing buildings, as well as new retail, office, and manufacturing construction.

The program will be offered through the Bayfront Community Redevelopment Trust Fund.  The City’s Bayfront Community Redevelopment Department will administer the program. [details]

^Top