Incentives & Grants
The Town of Ashland and the Ashland Economic Development Authority administers numerous grant, loan, and incentive programs. Grant and loan programs are competitive and no applicants are guaranteed financial awards.
Special Tax Relief Districts
Arts & Culture District- application
This overlay district provides BPOL tax relief to arts organizations and businesses as well as signage flexibility and waved fees. The district is centered around Ashland's historic downtown district.
nology Zone- application
This overlay district rewards capital improvements and job creation with BPOL tax relief.
The Infrastructure program is designed to assist business and property owners with costs associated with site-readiness infrastructure such as water and sewer. The loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.
Demolition Forgivable Loan - application
In appropriate circumstances, funds for demolition can be granted from the EDA. As with the Infrastructure program, the loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.
Revitalization Grant - application
This program is designed to support reinvestment in distressed or historic properties. Scoring priority is given to those projects considering a scope of significant restoration or for properties in a high-visibility corridor. This is a rolling grant program with no deadline for submission.
This program is designed to help offset the cost to redevelop restaurant sites in the Interstate 95 Hospitality Incentive area. An incentive of up to $550,000 in total over up to 6 years is available to restaurant projects which meet the program requirements.
This program is designed to help defray the cost to redevelop hotel sites in the Interstate 95 Hospitality Incentive Area. An incentive of up to $550,000 in total over up to 6 years is available to qualifying hotel projects. For more information, contact Joe Topham, Business Retention & Expansion Manager at (804) 798-1073 or email@example.com.
For property or business owners investing in exterior overhaul projects. Depending on the number of applicants and amount of awards, this grant may be opened in one or two rounds within a fiscal year. The scoring sheet and program guidelines can be found here.