Business Security Program

Business Security Program is sponsored by City of Las Vegas, NV. The Business Security Program provides grants to Las Vegas businesses in redevelopment areas to help eliminate blight by installing or enhancing security systems.

Use this tool to quickly find a resource or task. Business Economic Development Business Incentives Business Security Grant Program Downtown Business Assistance Tenant Improvement Program Visual Improvement Program Business Security Grant Program The Business Security Program is designed to support Las Vegas businesses in the redevelopment areas affected by safety and security-related damages to help eliminate blight.

This grant will provide business owners with up to $5,000 to install security systems or enhance their existing system. Funding is available on a first-come, first-served basis. The program provides business owners a rebate on pre-approved, qualified security expenses.

View program eligibility and fill out an application online . For questions or additional information email [email protected] , or view the Business Security Grant Program Handbook (in both English and Spanish). Eligible expenses include, permanent fencing, exterior security cameras, exterior lighting, doors, locks, shatter-proof security glass, and air-conditioner security enclosures.

Expenses that do not qualify include, but are not limited to, rent, utilities, furniture, fixtures, equipment, removable items, subscriptions, hired security and marketing materials.

Downtown Business Assistance Provides business owners with project coordination assistance and/or financial aid when undertaking remodel work within existing buildings required to satisfy certain building, fire and life safety code requirements within the city’s Redevelopment Areas. Redevelopment projects may be eligible for limited financial reimbursement ($35,000 maximum) from the city for qualifying improvements.

Applications for program funding are required before any work is started. The program funding is limited each year, and reimbursement funds are awarded on a first-come, first-served basis. View the Program Manual for more information.

The Electrical Utility Incentive Program aims to assist developers with the relocation and/or undergrounding of electrical utilities in conjunction with a development project. Properties must be located within Redevelopment Areas 1 or 2. Property owners must work with Nevada Energy to complete the relocation and/or undergrounding.

View program manual and application . For questions please email [email protected] . Tenant Improvement Program Application and detailed information available here .

Rebates of up to 10% of tenant improvement value Maximum amount $50,000 for properties 2,500 – 4,999 square feet Maximum amount $95,000 for properties 5,000+ square feet Multiple incentives per building Lease term of 5 years for tenant Minimium 2,500 square feet leasable interior space $20 per square foot for qualified improvements Must provide 10 verifiable jobs' Ineligible properties include: industrial, businesses requiring a privilege license; cannabis-related operations; and properties that don’t meet the eligibility requirements.

For more information email [email protected] . Tax Increment Financing (TIF) provides rebate incentives for key infrastructure costs for retail. , hotel, mixed-use and high-rise residential projects located within the city of Las Vegas Redevelopment Areas 1 and 2.

Offered by the Las Vegas Redevelopment Agency. Expenditures qualifying for TIF rebates may include street construction, gutters, water lines, storm drainage facilities, traffic signals, paving, sidewalks, flood control improvements, utilities and other infrastructure costs. To determine the tax increment for a specific project, the RDA assesses the current property value before any development begins.

As the project progresses the property value naturally increases, creating additional property tax – this increase is the tax increment for the project. A portion of the individual project’s tax increment can be rebated annually to the property developer for qualified construction expenditures. Please view the TIF Application document .

The New Markets Tax Credits program assists with approximately 20 percent of a project’s expense and enables a developer to receive low-cost, flexible financing. To qualify, a project must be located in and benefit a low-income community census tract (determined by the U.S. Treasury).

The city is interested in assisting owner-occupied commercial real estate projects, particularly those involving manufacturing, mixed-use, education and health care. A typical project cost would total between $5 and $15 million. For more information view this brochure .

Multifamily Residential Renovation Program This program provides qualifying property owners with financial assistance for substantial rehabilitation and renovation of multifamily residential properties, substantial upgrades to properties that have changed ownership and conversion of office/retail/industrial properties to multifamily residential located in the city’s redevelopment areas.

This program addresses both interior and exterior improvements. Located within one of the city’s Redevelopment Areas in tax districts 203, 204, 207, 212, 213 or 214. Zoned for commercial, imixed-use or form-based code.

Free of all mechanics’ liens. Properties with five or more units for rent within the same building or property footprint. Owner must invest a minimum of $30,000 per unit of overall project costs.

Only existing multifamily residential properties, existing mixed-use properties or existing commercial buildings being converted to multifamily residential (either solely or as a mixed-use project) are eligible. View the Program Booklet and Application . For more information, please email [email protected] .

The Visual Improvement Program offers qualifying business owners within the city’s redevelopment areas a rebate of 50 percent for the pre-approved costs involved in substantially upgrading the exterior appearance of their establishment and bringing it up to current building and property code standards (up to a maximum of $25,000). Final authorization requires approval by the Las Vegas City Council. Interior work will not qualify.

Improvements may be made to signs, building facades and exteriors. Work that qualifies for reimbursement includes painting, extensive cleaning, facade and window repair/replacement, new doorways, lighting, new signage, window tinting, replacing awnings, permanent landscaping, parking lot and rear access improvements and renovations, and exterior security systems. View the VIP Program Guide and Application