Designated Corridors
With the areas identified from the mapping, surveys and interviews, communities can identify at risk commercial areas and designate special corridors where policies and programs can be implemented.
Zoning Restrictions & Incentives
Once key areas facing commercial displacement have been identified, communities can use zoning to create urban and suburban forms that can assist in maintaining some small businesses.
Commercial Land Trust
A Community Land Trust is a non-profit corporation which: Buys property in a jurisdiction, Maintains a ground lease, Sells the building to an independent, locally owned business or group of business owners. When the business chooses to sell the property, the Community Land Trust repurchases it at a set price.
Community-owned Space
Communities, often through their Development Authority or other redevelopment organization, would purchase, improve, and maintain a property and restrict its leases to local businesses. The rents would be below market and typically cover the cost of owning and maintaining the building.
Subsidized Space
Communities, often through their Development Authority or other redevelopment organization, would purchase a property and sell it to a developer. The sale would be below market value with a restriction that a certain amount of the property be used to support local businesses.
Owner Occupancy
By controlling the property in which they are located, small businesses do not have to manage increases in rents or lease negotiations.
Property Improvement Grants
As part of a Business Improvement District, Community Improvement District, or identified corridor, localities can administer a matching façade or sign grant or loan program.
Community Benefits Agreements (CBA)
A Community Benefits Agreement (CBA) is a project-specific agreement between a developer and the community which details the project’s contributions to the community.