Business Commercial Program - Hallandale Beach
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Commercial Investment Program

The Business Unit at the Hallandale Beach Community Redevelopment Agency (HBCRA) works to bring a vibrant, innovative, local competitive economy in the Hallandale Beach Community Redevelopment Area (HBCRA) by creating an environment that promotes the retention, expansion and attraction of businesses and by incentivizing new commercial and mixed used developments in the area.

We work to improve the HBCRA’s overall business climate and market Hallandale Beach as an excellent location for business, shopping, dining and entertainment with the ultimate goal of positioning Hallandale Beach for sustainable, long-term economic vitality that enhances the quality of life of residents and strengthens the business environment.

The Hallandale Beach Community Redevelopment Agency (HBCRA) wants you to improve the external visual appearance of your business by providing you with the economic meanings to do so!  This program is part of the HBCRA constant efforts to encourage revitalization and private sector capital investment in the Community Redevelopment Area.  Progress is happening here!

Commercial Bank Loan Guarantee
Commercial Bank Interest Subsidy

(Guarantee a portion of the loan to reduce borrower equity requirements and/or reduce interest rates. Subsidize a portion of the monthly interest cost to provide a lower effective interest rate to the borrower.)

Accelerate the expansion of existing businesses and the attraction of new start-up businesses in the CRA, with an emphasis on attracting the availability of new goods/services, creating job opportunities, and improving the quality of life in the CRA.

The Hallandale Beach Community Redevelopment Agency (HBCRA) Commercial Interior Renovation Grant (CIRG) is an incentive program available to businesses throughout the Community Redevelopment Area. Throughout the CRA there are also Priority Areas of focus in which have varying levels of funding availability. The goal of the program is to eliminate functional obsolescence, remove deterioration, and improve the “energy efficiency” of existing buildings in the CRA, with an emphasis on bringing these buildings up to current building codes and making them more viable for occupancy.

Eligible Area: All properties within the CRA. There is a designated Priority Area defined as NE 1st Avenue from Hallandale Beach Boulevard to NE 5th Street which will be addressed in a separate program.

Eligible Properties: Existing commercial and mixed-use buildings with commercial elements in the CRA with uses permitted by applicable land use codes or approved conditional uses.

The goal of this Program is to accelerate the attraction of new major businesses within the CRA. An additional objective is to reduce the risk of developing/constructing speculative commercial space in the CRA.
Director Cash/Job Creation Program. The Direct Cash/Job Creation incentive is an incentive program paid solely by the HBCRA. Through this program HBCRA may provide direct cash payments of up to $2,000 per new Job created, to a maximum of $200,000, to companies starting, relocating, or expanding within the CRA.

Goals/Objectives: Accelerate the availability of desirable goods and services needed by residents, businesses, and employees in the CRA.

Eligible Area: All properties within the CRA.

Eligible Properties: All commercial or mixed-use (containing retail/commercial space) buildings in the CRA with executed leases for new, qualified retail (Qualified Retail) uses permitted by applicable land use codes or approved conditional uses. The Agency, at its sole discretion, may change the list of Qualified Retail from time to time. Currently, Qualified Retail includes:
 Restaurants;
 Dry cleaners;
 Florists;
 Banks/credit unions;
 Grocery store;
 Drugstore;
 Performing arts;
 Art gallery; and
 Other uses as approved.

Business Incentive Loan Program

The Business Incentive Loan Program was established by the City of Hallandale Beach City Commission as a means to stimulate the local economy through business expansion, improvements, and  job creation.  Under this program the Hallandale Beach CRA provides loans at 0-3% APR for exterior rehabilitation, expansion and/or relocation costs.

The program offers assistance of up to $50,000 for business owners  currently leasing their storefront and up to $200,000 for commercial property owners. The loan will cover up to 80% of the total project cost. Awards are given on a first come, first serve basis, subject to Board approval.  The property must be located within the Hallandale Beach Community Redevelopment Agency district as outlined in the HBCRA Boundaries Map.

In March of 2012, the Hallandale Beach Community Redevelopment Agency
(Agency) adopted the Community Redevelopment Implementation Plan (Plan).
The Hallandale Beach Community Redevelopment Area (CRA) is located
between Pembroke Road on the north, SW 11th Street (County Line) on the South, Interstate 95 on the West, and NE 14th Avenue on the east (generally depicted on the map below).

The Agency has created a series of incentive programs (Program or collectively Programs). Each Program is designed to achieve one or more of the following
objectives:

 Achieve/accelerate the goals of the Plan and other planning documents;
 Improve the overall economic vitality and quality of life in the CRA;
 Support existing businesses and attract new businesses to the CRA, with a
priority to attract businesses most needed in the CRA such as grocery stores,
art galleries, clothing stores, general merchandise stores, family-oriented
restaurants, ice cream shops, coffee shops, destination retail, art studios,
creative arts business, micro-breweries, professional services, small theatres
(movies and live performances), and fitness facilities);
 Supports the financial health, expansion, and success of existing businesses
in the CRA;
 Stimulates new development/investment to the CRA;
 Creates a sense of urgency for property owners and investors; and/or
 Other objectives specific to each Program.

Goals/Objectives: Eliminate functional obsolescence, remove deterioration, update existing buildings, and encourage new investment/development with an emphasis on enhancing the overall CRA, improving the quality of existing buildings within the CRA, and attracting new construction to the CRA.
Eligible Area: All properties within the CRA.

Eligible Properties: All commercial, multifamily, or mixed-use (residential/commercial) buildings in the CRA with uses permitted by applicable land use codes or approved conditional uses that have had substantial capital improvements or new construction.

Eligible Project Costs: The benefits of this Program are not directly based on Project costs. Rather, the benefits of this Program are based on capital improvements on existing properties or the development cost of new buildings that result in a substantial increase of Ad Valorem Tax (Property Tax). The proposed Project must comply with the Plan, CRA urban design guidelines, and applicable land use regulations, subject to review/approval by the City of Hallandale Beach Development Services Department and CRA staff. All construction work

The Hallandale Beach Community Redevelopment Agency (HBCRA) Commercial Kitchen Grant (CKG) is an incentive program to encourage restaurant development within the Fashion, Art and Design District (FADD), and along Foster Road. The HBCRA desires to improve the operating efficiency of existing restaurants in the CRA and attract new restaurants to the CRA, with an emphasis on creating a dining destination within the City. Funding priorities for the CKG will apply specifically to the following types of businesses:

  • Microbreweries/ Wine Bars
  • Specialty Coffee shops
  • Trendy urban restaurants (including health food)
  • Specialty Donut shops
  • Family oriented restaurants