Babylon EIP Storefront Program
Equitable Storefront Development Program Designed for Minority Entrepreneurs
The Storefront Development Program is a landlord/EIP initiative to fill vacant storefronts through a combination of lease renegotiation, capital improvements, signage and more. It’s a win-win-win for storeowners, landlords and the neighborhood.
Building Business from the Ground Up
The Storefront Development Program supports minority entrepreneurs by filling storefronts in business districts and, in the process, building equity for underserved communities.
Eliminating the Guesswork
Our focus is to take the guesswork out of opening a new brick-and-mortar business by guiding entrepreneurs through the steps to viability. The program also helps property owners within the Town of Babylon to identify vetted tenants who will be partners in renovating these important neighborhood corridors.
Partnering for Success
The Economic Inclusion Program can also provide new and existing businesses with financial aid, technical assistance and vacant retail properties, with the longer term goal of securing a permanent, supportive, co-working environment for minority business development.
Resources and Incentives
- Up to $25,000 in rent
- Up to $25,000 in improvements
- Educational Program & Financial Assistance
- M/WBE Certification
- Network & Access to Capital
- Wipe out the red tape to expedite all town issues
- Turn vacant spots into rented business
- Handle Vetting Current & Future Tenants
- Tenant vetted
- Government Support
- Eligible for IDA benefits
- Term 2 year to year and a half to bridge recession
- Utility breaks