CLEVELAND, OH (WOIO) –
In an effort to continue building the thriving Waterloo Arts & Entertainment District, the neighborhood of Collinwood has announced its newest development initiative, called ActiVacant. This new program is a business development project designed to incubate five new businesses into the East 185th Street Business District located in North Shore Collinwood over the next three years.
The ActiVacant program also includes a variety of incentives, including a tier-based rental structure that begins with a three-month, $0 rent rate that increases incrementally to fair market value within 24 months. In addition, the businesses are also eligible to receive semi-annual monetary incentives totaling up to $3,000 by attending merchant meetings and promoting ActiVacant throughout the community. Also included is assistance, guidance, and support from Northeast Shores Development Corporation and outside business mentors.
For other questions, call 216-481-7660.
For information on how you can submit your plan, click here: 19ActionNews.com
Article and Picture Courtesy of WOIO 19 Action News