Exploring Federal, State, and Local Grant Programs for Commercial Real Estate Development
Introduction Securing financing for commercial real estate can be a significant barrier for business owners, developers, or investors. Fortunately, there are multiple federal, state, and local grant, credit, and incentive programs designed to support commercial property acquisition, rehabilitation, redevelopment, and energy upgrades. These “commercial property grants” can substantially lower the cost of doing business, spur local economic growth, and promote sustainable development. In this blog, we explore what commercial property grants are, how they work, key programs to know about, and tips on applying successfully. What are Commercial Property Grants & Incentives? Commercial property grants are funds provided (usually by government entities) that don’t need to be repaid, aimed at reducing the cost of purchasing, improving, or redeveloping commercial real estate. In many cases, these grants are paired with tax credits, low-interest loans, or other incentives that...