The Town of Huntsville has launched a new Community Improvement Plan (CIP) Incentives Program which promotes new investment in the community.
Town Council has already approved $45,000 towards it – it’s available for eligible businesses or properties within the Downtown Huntsville Business Improvement Area (BIA).
“Huntsville has a strong business community, though the impacts of Covid-19 have been, and will continue to be felt over the coming years,” says Mayor Karin Terziano. “It’s very important that the Municipality support their recovery and continue to encourage new investment and new business ventures. The changes to the CIP will better assist business and properties in our Business Improvement Area, leading to strong economic growth, job creation and sustainable development in our community.”
Huntsville will be offering a wide variety of grants through the program.
The primary incentives are:
- Façade, Sign, Accessibility and Building Improvement Grant – this program financially supports costs associated with building, signage or accessibility improvements and may cover 50% of eligible costs up to a maximum of $5000.00;
- Planning Application and Building Fee Grant – will cover a portion of planning application or building permit fees and may cover 50% of eligible costs up to maximum of $10,000.00 on approved applications;
- Landscape Improvement Grant – to assist with landscaping improvements to a property to enhance streetscape activities and may cover 50% of eligible costs up to a maximum of $2000.00; and
- Tax Increment Grant Program – through the CIP, a Tax Increment Grant is also available to property owners whose municipal property taxes have increased as a result of the substantial development, re-development, construction or reconstruction of an eligible building or property, within designated areas of the Town.
Overall, the Town continues to focus on implementing a wide range of programs and services that support the Town’s Vision: being a vibrant, inclusive, healthy community that inspires innovation and growth, celebrates the arts, culture, and heritage, promotes recreation while developing a resilient economy founded on social caring and environmental stewardship.
To request an application, eligible businesses or properties can click here