The city of Crestview Hills has started a small business incentive program.
The program will target “small medical and office uses to entice them to locate within Crestview Hills,” per the ordinance governing the program.
The ordinance was approved during March’s city council meeting and will be taking effect within the coming months, according to Mayor Paul Meier.
The program consists of two parts: a loan fund and a rent subsidy program.
Businesses can apply for both the low-interest loan and the rent subsidy, but cannot receive them both more than once. There is a two-year obligation to operate within Crestview Hills that is required of applicants, as well as a collateral requirement.
An Incentive Review Committee, composed of the mayor and two other council members, will review all applications.
“We hope that it’s very successful,” Meier said. “We’re looking for businesses, and where we can help them out.”
