BUSINESS PROGRAMS & INCENTIVES

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. View our Featured Video for the CFIG.

The Commercial Business Grant Program program is designed to accelerate the expansion of existing businesses and the attraction of trendy businesses in the CRA, with an emphasis on attracting the availability of 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.

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

The goal of the Economic Development Incentives program is to accelerate the attraction of 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.

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.

The Hallandale Beach Community Redevelopment Agency (HBCRA) Commercial Business Mural Program is to curate contemporary outdoor murals at key locations to enhance and enrich the existing cultural fabric of our community to attract more art related activities, increase business retention and events. A mural is defined as a large-scale artwork, painting or mosaic applied to or mounted directly to an exterior surface of a building, construction fence or other structure and that is visible to the public right-of-way. It is primary intent is to be artistic in nature, rather than purely information, creative signage or commercial signage. A mural shall not indicate or describe in narrative, the form of commercial activity that happens inside a building. All proposed murals containing signage elements, will be redirected to apply to the Planning and Zoning Department. Priority will be given to District 8 based on the direction given from the HBCRA Board.

District 8 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

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.

The Commercial Kitchen Grant (CKG) is an incentive program to encourage restaurant development within District 8 and along Foster Road. The HBCRA desires to improve the operating efficiency of existing restaurants in the CRA and attract trendy restaurants to the HBCRA, 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

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.

The program’s goal is to accelerate the attraction of businesses and reduce the vacancy of commercial space in the CRA, with an emphasis on energizing ground-floor space and creating job opportunities. An additional objective is to reduce the risk of developing/constructing speculative commercial space in the CRA.

The Hallandale Beach Community Redevelopment Agency (HBCRA) Commercial Film Incentive Program
is designed to promote economic development; attract more film producers to the city and by extension
motivate more investors to open business in the City of Hallandale Beach.

The Hallandale Beach Community Redevelopment Agency (HBCRA) Restaurant Rent Emergency Stability Grant (RRESG)
is designed to provide emergency funds to restaurants that need financial support due to today’s volatile economic climate.

As construction progresses in District 8 – NE 1st Ave (between Hallandale Beach Blvd and NE 5th St), some businesses may experience temporary impacts related to accessibility, visibility, parking availability, and customer traffic. In recognition of these short-term disruptions, the Hallandale Beach Community Redevelopment Agency (HBCRA) has developed the District 8 Construction Mitigation Program which is comprised of two targeted economic assistance initiatives: the District 8 Construction Rent Stabilization Program (CRSP) and the Construction Business Assistance Loan Program (CBALP). These programs are designed to provide financial support to businesses directly affected by construction activities associated with the District 8 Streetscape Improvements. The purpose of these initiatives is to help stabilize existing businesses, maintain occupancy within the corridor, and support business retention while construction is underway.

The CRSP will provide rental assistance to eligible businesses, covering up to fifty (50) percent of the monthly rent obligation for a period of up to twelve (12) months. The program includes mortgage assistance for owner-occupied businesses, limited to principal and interest of the payment. Subsidy payments will be issued in conjunction with the remaining portion of the rent or mortgage payment, in accordance with HBCRA procedures.

The CBALP may provide a one-time forgivable loan of up to $20,000 per eligible business located within the defined construction impact area along NE 1st Avenue. This funding will be awarded on a first-come, first-served basis, subject to availability of funds, and may be used for eligible operational expenses such as payroll, inventory, marketing, and other costs necessary to sustain business activity during construction. The loan will be forgiven over a two-year compliance period, with fifty (50) percent forgiven annually, provided the business remains open and compliant with the program requirements.

For both programs, applicants must demonstrate a minimum revenue decline of twenty (20) percent compared to the six (6) months prior to construction, maintain an active BTR, and remain open and operational.