Commercial Corridor Improvement Fund
City of Syracuse
Department of Neighborhood and Business Development
Department of Neighborhood and Business Development
Project Category |
Estimated Total Project Cost Amount |
Maximum Award Amount |
Qualifications |
MWBE Utilization |
Level 1 |
$10,000 to $100,000 |
$25,000 |
Exterior enhancements, façade improvements |
30% of total project award amount. |
Level 2 |
$100,001 to $1,000,000 |
$50,000 |
Interior buildout to expand existing business or welcome new tenant. |
30% of total project award amount. |
Level 3 |
$1,00,001 to $2,000,000 |
$100,000 |
New construction/development; significant interior and exterior improvements. |
30% of total project award amount. |
Quality of Life Corridor Improvements |
Up to $2,000,000 |
$100,000 |
Public Area improvements, e.g. new lighting, shared energy efficiency upgrades, shared parking lot, gateway signage |
30% of total project award amount. |
Neighborhood Catalyst |
Between $2,000,000 and $10,000,000 |
$100,000 |
Large scale investment project that will create economic opportunity - must result in job creation. Project must involve new construction or adaptive reuse of longtime vacant structure. |
100% of total project award amount. |