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CRA approves $100,000 façade grant and $117,000 incentive for downtown relocation; NID funds $30,000 for Main Street
Summary
The Community Redevelopment Agency approved a $100,000 façade grant for the Waverly on Lake Eola, a $117,000 high-wage job incentive for ECS Florida LLC (relocating 51 employees and planning to add 27), and the Neighborhood Improvement District approved a $30,000 funding agreement for So to Main Street.
The Orlando Community Redevelopment Agency and advisory boards approved a package of downtown incentives on Sept. 22, including a façade grant, a job-retention incentive and a neighborhood funding agreement.
David (CRA staff) told the CRA that the Waverly building on Lake Eola is scheduled for exterior improvements totaling over $800,000; the CRA board approved a $100,000 façade grant after the project was recommended by the façade review committee. “They do qualify for a $100,000 in assistance, from our CRA façade grant,” the presenter said.
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