The City of Bellevue, in partnership with the Jackson County Economic Alliance, is announcing the establishment of a downtown incentive initiative.
Eligible projects for the program include facade and interior renovation, upper story renovation, additions, leasehold improvements and acquisition of commercial property in the downtown district. Projects must compliment the vision of a revitalized downtown.
There are seven elements to the downtown incentive program. They include:
• Acquisition Assistance
• Blade Signage
• Commercial Interior
• Consultant Assistance
• Facade improvements
• Upper Story Renovation
• Conversion - First Floor Residential to Commercial
It is possible to apply for multiple incentive elements.
“Downtowns are the heart of a community, said Nic Hockenberry, Jackson County Economic Alliance Director. “People often judge the health of a community by the health of their downtown, so it is critical to have an attractive and inviting downtown district.”
“I encourage all downtown property owners to investigate and take advantage of these new programs. These funds can help restore wonderful structures and create new vitality in our downtown.” said Abbey Skrivseth, Bellevue City Administrator.
These incentives can be used in conjunction with the low interest loan program offered by all Jackson County banks. This loan program currently offers a 4.9 percent interest rate for downtown projects.