Neighborhood Commercial Revitalization
Revitalizing a key business district …
The City of Columbus has selected the Highland West section of West Broad Street as one of six Neighborhood Commercial Revitalization districts eligible for economic incentives. The incentives for business and property owners include low-interest loans and matching grants for exterior improvements. The district stretches from Highland Avenue to Hague Avenue. For information about NCR incentives, as well as assistance available to property owners anywhere in the Hilltop, visit the city’s website or contact the Economic Development Division at 614-645-8616.
Investment Funds for NCR Districts
It is the goal of the City’s NCR (Neighborhood Commercial Revitalization) Program to stimulate business development along designated NCR areas. The City has allocated funds through the Columbus Community Development Block Grant Program (CDBG) to establish the NCR Investment Fund, a financing tool to encourage reinvestment.
Eligibility
Individuals, investors, developers, and corporations interested in acquiring and renovating property within the Hilltop NCR district is eligible to receive the loan. Proposals are reviewed on the basis of: private investment leverage, job generation, tax revenue growth, impact on the NCR corridor, compliance with design and signage standards, the feasibility or project financing, quality of collateral, and the availability of funds. A Loan Officer in the Economic Development Division works with each applicant to create a loan package that must be presented to and approved by an external loan committee before funds can be committed to a project.
The Neighborhood Commercial Revitalization program is a vital component of the Department of Development’s continued efforts to stimulate reinvestment in the declining or potentially declining areas of the City of Columbus. Working together, the City, merchants, and lenders are achieving mutually beneficial objectives.
How To Apply
The Division of Economic Development is happy to assist you in all phases of the application process. Please contact:
Economic Development Division
111 N. Front St. 8th Floor, Columbus, OH 43215
tel. (614) 645-8616
AA Precise Collision Repair
2434 W. Broad St.
308-9070
www.aaprecisecollision.com
Brett’s of Course Hair Salon
Full Service Hair Salon
2335 W. Broad St.
275-2030
C & C Printing & Signs
2541 W. Broad St.
274-6096
Dairy Mart
Convenience Store
2585 W. Broad
272-9602
Donald Bowen, DDS and Associates
Dentist
2575 W. Broad St.
271-0454
Dr. Joseph Ryan, DDS
Dentist
2233 W. Broad St.
279-4544
Dr. Tom Peponis, D.O.
Board Certified in Family Practice
249 W. Broad St.
274-2252
Hilltop Wellness & Chiropractic
2527 W. Broad St.
279-2525
Jerry Spears Funeral Home
2693 W. Broad
274-5092
www.jerryspearsfuneralhome.com
La Chaparrita
Full service clothiers with a western flair and exotic leather goods.
2655 W. Broad St.
351-8265
Lena’s Market
Grocery with coin operated laundry at rear
2302 W. Broad St.
Lev’s Pawn Shop
2404 W. Broad St.
279-7296
Mike’s Barber Shop
9 S. Wayne Ave @ W. Broad
272-0293
Millennium Cuts
Family Barber
2650 W. Broad St.
515-1997
Ophthalmology West
James Moses M.D. and Associates
2680 W. Broad St.
274-2020
Rigg’s Market
Grocery
2403 W. Broad St.
276-8155
Righteous Cuts Barber Shop
Family Barber Shop
2327 W. Broad St.
275-4429
Schroeck’s Auto Service
2460 W. Broad St.
274-0239
Stinging Ink Tattoos
2384 W. Broad St.
274-7040
United Dairy Farmers
2635 W. Broad St.
272-2370
Investment Funds for NCR Districts
It is the goal of the City’s NCR (Neighborhood Commercial Revitalization) Program to stimulate business development along designated NCR areas. The City has allocated funds through the Columbus Community Development Block Grant Program (CDBG) to establish the NCR Investment Fund, a financing tool to encourage reinvestment.
Neighborhood Commercial Revitalization (NCR) Investment Fund: A loan up to $100,000 for fixed asset financing within the Neighborhood Commercial Revitalization (NCR) business district. The creation of a minimum of one new job per $30,000 of City investment is required.
Storefront Renovation Grant: A grant designed to encourage storefront renovation in the business districts designated under the Neighborhood Commercial Revitalization Program. Eligible applicants can be awarded up to $3,000 per site.
Eligibility and How to Apply »
OPPORTUNITIES & INFORMATION
City of Columbus Economic Development
City of Columbus Financial Assistance
City of Columbus Neighborhood Commercial Revitalization
