The Bridgeport Development Authority recently announced changes to its Economic Development Incentive Policy during a meeting last week. This program offers financial assistance to local businesses that need help expanding or making changes to their business. In the past, popular programs like the façade improvement program have been quiet but the City is now encouraging businesses to take advantage of these incentives.
Andrea Kerr, an official, stated that economic incentives have been in place in Bridgeport for some time and that the Bridgeport Development Authority and City Council have decided to make changes to what the incentives include. The amendment includes a portion for a partial grant in addition to the façade improvement incentive. This allows business owners to apply for an economic incentive even if they have already received a building permit for their project.
Many business owners in Bridgeport are excited about the opportunity to grow but often face financial hurdles. Programs like this offer moral support and financial assistance to these businesses. To qualify for the incentives, businesses must apply for a building permit before starting work and hire a certain number of people. The City of Bridgeport is committed to supporting local businesses and helping them expand or improve their business.
Interested businesses should reach out to City Hall or call 304-842-8209 for more information on how to apply for an economic incentive. With multiple qualifying requirements for each incentive offered, the City is dedicated to fostering growth and supporting local businesses.
