NEW PORT RICHEY — City leaders have given the initial green light to spend nearly half a million dollars next fiscal year on its matching business grant program, the goal of which is to spur redevelopment in three key corridors in New Port Richey.
During a meeting Tuesday, the New Port Richey City Council, acting as the Community Redevelopment Agency, approved including $450,000 for the program in the CRA’s budget, which the council will need to approve in September as part of the city’s overall budget.
The goal of the grant program, which the city started several months ago, is to spur redevelopment of current properties and lure potential businesses to the city by offering matching funds for a series of eligible projects, including upgrades to outside facades and signs, as well as interior infrastructure upgrades.