The purpose of the Newtown Business Assistance Grant Program is to facilitate the attraction of new businesses, and to promote existing businesses, by providing financial assistance for interior and exterior improvements. The program is funded for the Newton CRA, for properties located within the Newtown CRA (the Community Redevelopment Agency Area, as shown below).
FAQ: Newtown Business Assistance Matching Grant Program
Application: Newtown Business Assistance Matching Grant Program
The program allows applicants to share the cost of commercial business improvements with the City of Sarasota's CRA. The amount the Applicant pays VS the amount the CRA pays differs based on the Applicant's home location; Newtown CRA residents may have up to 70% of their total project costs reimbursed by the CRA Fund (up to $40,000), provided the applicant funds 30% of the project costs. Applicants who live outside of the Newtown Community Redevelopment area may have up to 50% of their total project costs reimbursed by the CRA Fund (up to $40,000) provided the applicant funds 50% of the project costs.
Applications are accepted on a continuing basis, and awards are made in the form of reimbursement(s) issued during the duration of the project and/or after project completion. A simplified process chart is provided below.
For more questions, please contact Rowena.Elliott@SarasotaFL.gov or call 941-926-6003
The Newtown Community Redevelopment Area is generally bounded by (Clockwise from top) Myrtle Street, the Railroad right-of-way, 17th Street, and Tamiami Trail.