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OPENING A SMALL BUSINESS IN URBANA resources provided by the City - - PowerPoint PPT Presentation
OPENING A SMALL BUSINESS IN URBANA resources provided by the City - - PowerPoint PPT Presentation
OPENING A SMALL BUSINESS IN URBANA resources provided by the City of Urbana LOCATION & SUPPORT ACTIVATION & MARKETING FINANCIAL ASSISTANCE ACTIVATION & MARKETING: PUBLIC ART EVENTS FUNDING DISTRICT MARKETING STREET PARKING
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ACTIVATION & MARKETING:
PUBLIC ART STREET IMPROVEMENTS EVENTS PARKING BONEYARD CREEK CROSSING FUNDING DISTRICT MARKETING
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FINANCIAL ASSISTANCE
Tax Increment Financing (TIF)
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PRIORITY ELIGIBLE
Tax Increment Financing (TIF)
RETAIL CREATIVE INDUSTRY RESTAURANT & BAR DESTINATION & ENTERTAINMENT HOTEL & CONVENTION DBE 2ND STORY RESIDENTIAL COMBINATION
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PRIORITY ELIGIBLE
Tax Increment Financing (TIF)
Traditional Cultural Expressions Cultural Sites Visual Arts Performing Arts Publishing & Printed Media Audio- visuals Design Creative Services New Media
arts libraries painting live music books film graphic digital software crafts museums sculpture dance press radio fashion cultural animation festivals exhibitions antiques theater and opera publications television interior advertising video games celebrations historical monuments photography puppetry and circus newspapers broadcasting and recording jewelry architecture digitized creative content
C r e a t i v e I n d u s t r i e s
Based on the UNCTAD classification of creative industries (UNCTAD Creative Economies Report 2008)
Heritage Arts Media Functional Creations
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OTHER ELIGIBLE
Tax Increment Financing (TIF)
PERSONAL SERVICES PROFESSIONAL SERVICES OTHER NON PRIORITY / NON INELIGIBLE
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INELIGIBLE
Tax Increment Financing (TIF)
TAX EXEMPT PROPERTY NOT UP TO CODE RELIGIOUS INSTITUTION OR PRIVATE CLUBS
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SMALL BUSINESS GRANTS:
Tax Increment Financing (TIF)
Over 65 Recipients Program
◊ Administrative ◊ New, expanding, relocating ◊ Funding based on business type ◊ TIF Eligible expenditures
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SMALL BUSINESS GRANTS:
Tax Increment Financing (TIF)
$1,000 or $2,000 Business Development Grants $1,000 Business Opening Grants
◊ For developing a business ◊ Business counseling required ◊ For opening a business ◊ Ribbon cutting required
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BUILDING IMPROVEMENT FUNDING:
Tax Increment Financing (TIF)
Up to $10,000 or $25,000 Redevelopment Incentive Program Negotiable Redevelopment Agreements
◊ For mid to large building improvements ◊ Up to 20% reimbursement based on scoring ◊ For large scale projects ◊ Council approval required
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BUILDING IMPROVEMENT FUNDING:
Enterprise Zone
Sales Tax Exemptions Property Tax Abatements Commercial & Residential
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BUILDING IMPROVEMENT FUNDING:
Enterprise Zone
◊ $100,000 minimum project cost ◊ Not located within TIF District
Project eligibility:
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