DevelopSpringfield recently announced that is accepting applications for its "Lease It Local," a program, which will offer businesses up to half a monthly lease (up to $500) to occupy storefronts that are now vacant or underused. Eligible properties are vacant or underused ground-floor storefronts in the Springfield Transformative Development Initiative (TDI) District.
The Lease It Local program aims to:
DevelopSpringfield's Lease It Local program will provide:
Eligible applicants include independent operators (no franchises or chains), artists, or social enterprises. While all industries are welcome, the program emphasizes uses drive daily foot traffic and preference is given to Springfield residents and those who have completed formal business training or mentoring. For more info on the program check out DevelopSpringfield's program page.
NP performed the project consulting on the Springfield TDI Partnership’s Active Implementation Plan that worked with the Springfield TDI Partnership for the district. A key action within the strategy was spurring retail frontage development including a subsidy program for potential tenants while the market was still being “proved.”
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