Norwich leaders understood the problems associated with urban redevelopment indoors and created a way to help.  They designed three programs as tools for economic development assistance to Downtown Norwich.

revitalization-code-correction-buttonCode Correction Program – The Code Correction program is designed to help you make upper stories usable again. This program is a 50/50 grant to help cover the costs of making Downtown buildings ADA and Fire, Life, Safety compliant.

Code Correction Application   Code Correction – Guidelines

 

 

revitalization-lease-buttonLease Rebate Program- The Lease Rebate program give assistance to tenants by bridging the gap between lease payments and cash flow.

Lease Rebate Application  LeaseRebate-Guidelines

 

 

revitalization-revolving-buttonRevolving Loan Program – The Revolving Loan program was created to give businesses and developers access to the capital they need to improve their current business or start a new one.

Revolving Loan Application Form      Revolving Loan Guidelines

 

1Q2019 Report (to date):

Metrics Code Correction Program Lease Rebate Program Revolving Loan Program Total
Applications Received 40 67 20 127
Applications Reviewed 38 66 19 123
Applications Awarded 17 28 7 52
Projects Completed 13 12 1 26
Applications Denied 2 1 1 4
Leveraged Investment $13,548,699 $6,936,915 $4,150,406 $24,636,020