Facade & Incubation Grants
The Façade and Incubation Grant Program is a tool to help revitalize local business buildings and create assistance for small business startup costs in Yorktown’s Downtown Business District. The creation of a more aesthetically pleasing Downtown District with additional business opportunities is paramount in establishing increased foot traffic activity from both tourists and local residents.
Eligible locations for the Façade and Incubation Grant Program are established in the Yorktown Downtown District. The façade grant program is meant for outdoor aesthetic renovation only. Ideally, this program will cover the front sides of buildings, but exceptions can be allowed for side walls and rear if they face a public right of way or pedestrian-centered area. Façade restorations that cost over $60,000 will be eligible for funds up to $40,000 at a 40% matching amount. Façade restorations that are below $60,000 will be eligible for funds up to $15,000 at a 50% match. The redevelopment commission reserves the right to fund less than the full amount based on review of the project and/or total funding requests.
If a new business is relocating or locating in the downtown business district, they are eligible to apply for funds within the first 180 days of their operation to help provide furniture, fixtures, or equipment necessary for the operation of their business. Furniture, fixture, and equipment expenditures will be eligible for a 50% reimbursement up to $15,000. The Redevelopment Commission reserves the right to fund less than the full amount based on review of the project and/or total funding requests.
Room to Grow
The town developed four guiding principles for its downtown redevelopment plans based on feedback from residents:
Create a social and economic hub for the town of Yorktown.
Develop a destination downtown Yorktown.
Create a multi-generational attraction.
Develop a project that creates a culture unique to Yorktown.
These principles have steered the town in its redevelopment plans, inspiring the creation of more green space for community events, pedestrian- and bicycle-friendly streets, and business opportunities. Recently, Yorktown Redevelopment Authority received an “A+” long-term rating from S&P Global Ratings, which cited the exciting opportunities it sees for economic growth in the town and its high-quality schools.
Available Land & Retail Space
Available land and buildings have been built into Yorktown’s redevelopment plans to make your transition as seamless as possible. These plots are aptly located throughout downtown, with spaces available for all size needs.
COMING FALL 2021: THE OLIVER
Adjacent to Civic Green, The Oliver building will provide high-quality, multi-generational space for residents and visitors to live, work, and play. Designed to attract young professionals and empty-nesters, The Oliver includes 26 modern loft apartments with balconies overlooking Civic Green and Morrow’s Meadow, superior interior finishes, and community amenities. The project includes plans for a restaurant and retail and office studios on the ground level.