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Commission approves 15% lease-subsidy for Luna’s to support local small business
Summary
The commission approved a lease-subsidy grant package for Luna’s at 2516 S. Atlantic, opting for a 15% subsidy stretched over nearly two years to provide longer-term support for the business.
The Daytona Beach Shores City Commission on June 3 approved an economic development lease subsidy for Luna’s, a restaurant at 2516 South Atlantic, choosing a 15% subsidy spread over almost two years.
Economic development staff described the applicant’s investments and staffing: Luna’s invested more than $50,000 in renovations and reported 15 full-time and two part-time employees. Engagement Director Nancy Maddox said the business is open seven days a week and that the grant committee recommended a 15% subsidy (extended across roughly two years) rather than the committee’s alternate, larger but shorter-term option.
Commissioner discussion favored the 15% option to provide longer-term support and encourage business stability. The commission voted 5-0 to approve the subsidy.
Ending: Staff will execute the subsidy agreement and monitor outcomes; commissioners encouraged residents to patronize new local businesses to support long-term success.
