59 retail and commercial property projects help improve neighborhood, businesses
Mayor Frank G. Jackson, along with Daryl P. Rush, Director of the Department of Community Development, will acknowledge commercial building and business owners who completed Storefront Renovation Program (SRP) projects in 2012 with assistance from their neighborhood Community Development Corporations. The theme for this year’s awards event is “Team Storefront Renovation: Going to Bat for Cleveland Businesses.”
Over 160 invitees are expected to attend the 18th Annual Cleveland Storefront Renovation Program Awards Ceremony being held today, May 2, 2013 in the historic English Oak Room, Tower City Center with a reception at 5:00 p.m. and the program starting at 6:00 p.m. CHASE Bank through its JP Morgan Chase & Co. Foundation is again the annual sponsor of the Storefront Program Awards event, as it has been since 2006. The event is open to the media.
The 59 SRP projects being recognized include the comprehensive renovation of 14 buildings, 33 neighborhood retail and 12 downtown retail signage projects. Many of the completed projects were sign designs for new businesses which chose to locate in buildings previously renovated by the Storefront Renovation Program. These projects represented a public investment of $368,050 to leverage over $1,076,820 in exterior building renovations in Cleveland’s neighborhood and downtown retail district areas. For each dollar of SRP investment there was $2.92 of private investment.
The businesses that completed SRP projects in 2012 employ 589 full and part-time employees of which 375 are Cleveland residents. The construction work and professional services required on these projects created 272 temporary jobs in all aspects of the construction, architectural and engineering fields.
Since 1983, when the Storefront Program began, 2,106 projects have been completed, leveraging over $55 million in private investment from just over $20.2 million of Federal Community Development Block Grant funds.
For more information on the Cleveland Storefront Renovation Program and/or a listing of the award winners, please call 216/664-4031 or log onto www.cleveland-oh.gov.