City of Cape Coral B2B Grant Program
This program provides financial assistance to business owners and developers in the South Cape area of Cape Coral, Florida, to help cover site development costs for new construction or renovations, with a focus on job creation and economic growth.
City of Cape Coral B2B Grant Program (Florida) - The City of Cape Coral Community Redevelopment Agency is offering the 2023 Breaking Barriers to Business (B2B) Grant Program, providing incentive grants to support site development costs for new non-residential construction, building/facility expansions, or renovations in the South Cape area. The program aims to achieve economic development objectives by supporting job creation, business attraction and retention, enhancing the local economy, improving infrastructure, and fostering collaboration between the city and the business community. Priority consideration will be given to proposals including plans for off-site parking. Approximately $250,000 is available under this program, with eligible projects receiving up to 20 percent of capital costs, not exceeding $50,000. Eligible expenditures include land improvement and development costs such as on-site infrastructure design and construction, landscaping, water and sewer connection fees, and other site development expenses approved by the city. Eligible applicants must be business owners or developers proposing projects within the South Cape area with a minimum investment of $25,000.
Award Range
$25,000 - $50,000
Total Program Funding
$250,000
Number of Awards
Not specified
Matching Requirement
No
Eligible Applicants
Additional Requirements
A minimum investment of $25,000 is required of all applicants, which can include land/building acquisition costs and soft costs such as design and permitting. Expenditures incurred up to 24 months prior to the date of grant submission will be allowed in calculating minimum investment. Expenditures incurred up to 90 days prior to submission of the grant application will be allowed for the grant amount calculated. Projects must have a permit application number assigned by the Development Services Department. Standalone residential development projects are ineligible. Eligible applicants include business owners and developers proposing new non-residential construction, building expansions or renovations in the South Cape area of the City. All proposed projects must be located within the South Cape area as defined in defined by the Cape Coral South Cape CRA.
Geographic Eligibility
All
Application Opens
Not specified
Application Closes
Not specified
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