BUSINESS PROGRAMS & INCENTIVES

The Hallandale Beach CRA is committed to helping businesses succeed and grow.  Our team works to bring a vibrant, innovative, local competitive economy in the HBCRA Area 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. The City of Hallandale Beach has been ranked as Platinum City by the Greater Fort Lauderdale Alliance in which we have adopted a streamlined permitting ordinance.  We are here to assist in fast tracking your permit.  We continue to work diligently to improve the HBCRA’s overall business climate and market Hallandale Beach as an excellent location for business, shopping, dining and entertainment.

FACADE IMPROVEMENT GRANT

The Commercial Facade Improvement Grant Program (CFIG) 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 update the exteriors of existing buildings, with an emphasis on improving the viability of healthy retail uses and generally increasing the “curb appeal” of the business corridors in the CRA.

LOW-COST OR NO INTEREST LOAN PROGRAM

The Low-cost or no interest loan program is designed to 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 program guarantees a portion of the loan to reduce borrower equity requirements and/or reduce interest rates.  It also subsidizes a portion of the monthly interest cost to provide a lower effective interest rate to the borrower.

INTERIOR RENOVATION GRANT PROGRAM

The 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

ECONOMIC DEVELOPMENT INCENTIVES PROGRAM

The goal of Economic Development Incentives program is to accelerate the attraction of new major businesses within the CRA and 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.

 

Qualified Target Industry (QTI) Tax Refund Incentive: The QTI Refund Incentive Program is a tax refund program wherein eligible companies may receive refunds of taxes paid to the State of Florida on corporate income, sales, and insurance premiums, as well as certain other taxes paid to the State of Florida.

NEIGHBORHOOD AMENITY INCENTIVE PROGRAM

The Neighborhood Amenity Incentive program is designed to accelerate the availability of desirable goods and services needed by residents, businesses, and employees in the CRA.

BUSINESS INCENTIVE LOAN

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.

FASHION, ART AND DESIGN DISTRICT PRIORITY AREA INCENTIVES

The Fashion, Art and Design District (FADD) has been deemed a Priority Area (designation allows the CRA to create incentives that are specifically designed to implement the objectives outlined in the application) for the purposes of promoting the renovation of building facades, and encouraging the development of such uses including but not limited to:

  • Microbreweries/ Wine Bars
  • Specialty Coffee shops
  • Trendy urban restaurants
  • Specialty Donut shops
  • Family oriented restaurants
  • Music Venues
  • Art Galleries

PROPERTY TAX REIMBURSEMENT PROGRAM

The Property Tax Reimbursement program was created to 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. All properties within the CRA are eligible including all commercial, multifamily, or mixed-use (residential/commercial) buildings with uses permitted by applicable land use codes or approved conditional uses that have had substantial capital improvements or new construction.

COMMERCIAL KITCHEN GRANT PROGRAM

The 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

COMMERCIAL SIGNAGE GRANT PROGRAM

The Hallandale Beach Community Redevelopment Agency (HBCRA) Commercial Signage Grant Program (CSGP) is an incentive program available to businesses throughout the Community Redevelopment Area. The goal of the program is to eliminate functional obsolescence, remove deterioration, and update the exteriors of existing buildings, with an emphasis on improving the viability of healthy retail uses and generally increasing the “curb appeal” of the business corridors in the CRA.