L E A S E I T

L O C A L
A P I L O T P R O G R A M I N
D O W N T O W N S P R I N G F I E L D

A B O U T P R O G R A M G O A L S

Lease It Local is a pilot program that Create opportunities for

providesearly-stage & current small business residents to lease space for
owners with incentives to occupy vacant their entrepreneurial ventures
ground floor commercial units within a Encourage property owner
section of downtown Springfield. reinvestment
Enhance the overall vibrancy
of downtown

P R O G R A M C O M P O N E N T S

Rental subsidy up to 50% of monthly lease with a cap of $500 / month. Subsidy can
last for as little as 3 months up to 12 months with a total cap of $6,000 per business
Business also eligible for grants covering up to 50% of professional services with a
cap of $750 per business

W H O S H O U L D A P P L Y ?

Independent operators (no franchises or chains), artists, social enterprises

All industries are welcome with an emphasis on uses that drive daily foot traffic
Established or early-stage business interested in opening a location in the target area
Preference for Springfield residents& those who have completed formal business
training or mentoring

E L I G I B I L I T Y N E X T S T E P S

Must be interested in occupying a More details & application can be

currently vacant or under-utilized found at:
ground floor unit within target WWW.DEVELOPSPRINGFIELD.COM
area
Partial match required from Questions? Email us at:
business owner or landlord leaseitlocal@developspringfield.com
See map on back for eligibile
blocks
 L E A S E I T

L O C A L
E L I G I B L E G E O G R A P H I C A R E A

M O R E I N F O R M A T I O N A T : W W W . D E V E L O P S P R I N G F I E L D . C O M