Neighborhood Commercial Revitalization Program
The Neighborhood Commercial Revitalization (NCR)
program offers Technical Assistance, Capital Improvements, Financial Incentives
as well as Planning and Design within seven designated business districts. The
NCR Program is an innovative and exciting approach for stimulating investment
in these districts. It builds upon the economic base of these areas to create
an environment conducive to business growth and expansion.
Neighborhood Commercial Revitalization Program Map
Exterior Storefront Renovation Grant
Interior Renovation Grant
Business Development Loan Fund
: A low-interest loan up t $199,000 for the acquisition of real estate and/or large equipment. This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal. The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals.
Working Capital Loan Fund
: A low-interest loan up to $100,000 for the acquisition of real estate and/or large equipment. This loan requires that a second lending institution match the Business Development Fund amount to comprise the principal. The creation of a minimum of one new job per $30,000 of City investment is required with 51% of the jobs created awarded to low-moderate income individuals.
Revolving Loan Fund Partners
• Community Capital Development Corporation (CCDC) www.ccdcorp.org
• Finance Fund www.financefund.org
Neighborhood Commercial Revitalization (NCR) Investment Fund
: A loan up to $100,000 for fixed asset financing within the Neighborhood Commercial Revitalization (NCR) business district. The creation of a minimum of one new job per $30,000 of City investment is required.
Storefront Renovation Grant
: A grant designed to encourage storefront renovation in the business districts designated under the Neighborhood Commercial Revitalization Program. Eligible applicants can be awarded up to $3,000 per site.
Interior Renovation Program
More information coming soon
• Micro Loan programs available through Economic Community Development Institute (ECDI)
Green Columbus Fund
: Established to encourage sustainable development and redevelopment, private businesses and non-profit organizations can receive grants up to $200,000 per project to assess and redevelop Brownfield sites or to construct green buildings in Columbus.
Small Business Builder
Opening a small business requires careful consideration of your market, a firm business plan, and the discipline to protect what is most important to you at this time–your financial capital. Through the office of the Small Business Coordinator and the Small Business Builder, you will be connected with the resources necessary to help you accomplish your goals.
In 2018 the Economic Development Division of the Department of Development launched a supportive network of entrepreneur support organizations as an outcome of its Reimagining Small Business Initiatives. The network delivers structured programs under Accelerate Columbus branding through a cadre of partnering organizations. To learn more, please visit one of our partners by clicking below:
Ohio Small Business Development Centers at Columbus State Community College
R. L. Underwood & Associates
Ohio Minority Business Assistance Center hosted by Columbus Urban League