Business Retention and Attraction Program

The Business Retention and Attraction Program is designed to be a flexible, custom-designed financing program to assist Claremont business property owners and tenants with expanding their operations in Claremont, as well as select businesses wishing to establish operations in Claremont.

Businesses that are strong sales tax and/or property tax generators, good employers, fill specialty market niches, complement the surrounding area or businesses, and have strong operating histories will be given priority consideration. Start-up businesses are not eligible.

Eligible activities and terms will be developed in accordance with the unique needs of each particular business. It is the intent of this program to meet aspects of business development that are not addressed by the Small Loan or Rehabilitation Loan Programs.

Examples of activities could include:

• down payment assistance for property acquisition;
• credit guarantees;
• public improvements in connection with a project;
• parking in-lieu fee assistance; and,
• remodeling and/or construction assistance.