Business Incentives

The Daytona Beach Redevelopment Office is available to assist new businesses to the Riverfront Shops with available incentives. Incentives are provided in the form of matching grants to encourage the retention and relocation of business to targeted areas within the City of Daytona Beach Community Redevelopment Areas.

• Business Façade Grant: New or relocated targeted (see target business list) businesses can receive up to 75% of the total project cost, with no single grant exceeding $6,000, for costs related to signage, awnings and exterior improvements to retail buildings.
• Leasehold Improvement Grant: New or relocated targeted (see target business list) businesses can receive up to 75% of the total project cost, with no single grant exceeding $6,000, for costs related to improving interior customer spaces.
• Lease Subsidy: New or relocated targeted (see target business list) businesses can receive rental subsidies for one-third of the business’s monthly rent, up to a maximum of $500/month. Subsidy payments will be paid in monthly installments for a maximum of twelve (12) consecutive months during the first 18 months of a business’s operation. The total subsidy amount will not exceed $6,000 per business.
• Other grants available: Looking to purchase your building? The CRA also provides matching Commercial Façade Grants and Historic Preservation Grants to eligible properties.