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Financial Resources

Community Redevelopment Agency Commerical Facade Improvement Program

Program is available to eligible properties located within the boundaries of the Frenchtown Southside Community Redevelopment Area and the Downtown Community Redevelopment Area.  Eligible applicants can recieve grant funding of up to $50,000 for facade improvements on commerical structures.  This is a matching grant which requires the applicant to contribute to the improvement costs and the applicants contributions are match on a dollar for dollar ratio up to the maximum grant amount of $50,000.  The grant award is provided as a five-year zero interest loan to the property owner.  The loan is forgiven over the five year term.

Targeted Business Pilot Program

A joint City/County program that provides a rebate for a portion of property taxes, development and permit fees to promote business recruitment and expansion.  The level of assistance provided is based on a number of criteria including:  number of jobs created, salary levels, and capital investment.

ELIGIBILTY REQUIREMENTS

Program applicant must be located within the Tallahassee City limits and must qualify as a targeted industry.  Current targeted industries are:  Advanced Transportation Systems, Assocations and Corporate Headquarters, Distrbution Centers, Healthcare Delivery and Related Products/Services, Financial and Insurance Services, Information Technology, Light Manufactoring of Electronics, Magnetic Research Commercialization, Advanced Technology and Reserach and Development.  Applicant must demonstrate that will create a minimum of 10 new jobs.

SELECTION AND AWARD PROCESS

Applications are evaluated and scored by an review committee and funding recommendations are presented to the City Commission and County Board of Commissioners for approval.

Historic Property Grant and Loan Program

This program was established by the City of Tallahassee to provide financial assistance to property owners as an incentive to restore/rehabiliate eligible historical structures.  The program is available to all privately owned properties in the City that are listed in the Local Register of Historical Plance and have a Historic Preservation Overlay (HPO) zoning designation.

Training Grants

On-the-job training allows businesses to recoup up to half of the wages paid to workers pre-approved by One-Stop Career Centers through on-the-job training for employment usually not available otherwise. Employers garner workers they have trained to their own specifications and employees are more likely to remain after training is complete.

The Employed Worker Training grant program that reimburses selected businesses up to 50% of direct training costs related to providing skills upgrade training to their current employees, including new hires.

Innovation Park TechGrant Program

About the TechGrant Program

The Leon County Research and Development Authority (LCRDA) TechGrant program was first launched in 2005 to demonstrate its commitment to supporting the entrepreneurial ecosystem in Leon County. Since 2005, 20 companies have benefitted from $362,000 in grants awarded for the commercialization of their technologies. Most of those companies are still flourishing in the local community today.

In addition to a cash prize of up to $15,000, winners are awarded with scholarships to attend the Entrepreneurial Excellence Program and are granted exclusive access to the TechGrant Winners’ Circle, a quarterly gathering of past grant recipients that facilitates networking and collaboration.

The LCRDA owns buildings in and manages Innovation Park, a research and development park, by an appointed Board of Governors. The Board is comprised of prominent academic, business, and community leaders who work together to facilitate the growth and development of research into high-tech businesses in Innovation Park. Its mission is to work in affiliation with Florida State University, Florida A&M University, and Tallahassee Community College to promote scientific research and development activities, and foster economic development and broaden the economic base of Leon County, Florida.

 

Learn more about past competitions here.