Job Creation and Business Incentive Program

Job Creation and Business Incentive Program (Commercial Facade Improvement)
Posted on 04/11/2019
Job Creation and Business Incentive Program

CITY OF ROSEMEAD
JOB CREATION AND BUSINESS INCENTIVE PROGRAM (COMMERCIAL FACADE IMPROVEMENT)

 

HOW DOES THE PROGRAM WORK?
The Commercial Façade Improvement Program assists new and existing businesses improve their building’s façade by providing a forgivable no interest loan that is predicated on the creation of new jobs for low- to moderate-income persons. If the business hires one permanent full-time equivalent position for low- or moderate-income person for one-year, the $25,000 loan used to improve the building’s façade is forgiven and does not need to be paid back. The maximum assistance under the program is $50,000 for each business.

Examples of qualifying improvements:
• Storefront Restoration or Renovation
• New Exterior Paint
• Permanent Signage
• New Exterior Façade Treatments (stucco, brick veneer, awnings, etc.)
• New Exterior Lighting
• Mechanical Equipment Screening
The funds may only be used for physical exterior building improvements. Interior and underground improvements are not eligible. The funds may also not be used for business operations or non-qualifying expenses.

HOW IS THE PROGRAM FUNDED?
Program activities are funded by the U.S. Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG). The funding allocation for this Program is based on annual allocations provided by HUD and approval by the City Council.

HOW TO APPLY:
Please click below to obtain the following:

Program Guide
Application
Form 4506-T - Please submit this form with your completed application.

For more information, please contact the Planning and Economic Development Division at (626) 569-2140.