The goal of the Commercial Property Enhancement Program is to improve the functionality of and increase the property value of commercial structures within the City of Rock Island. This program is designed to encourage new and expanding business investment, foster revitalization of commercial corridors, and encourage private investment in commercial structures.
PEP is a matching grant issued as a reimbursement.
PEP will match up to 50% of eligible expenses.
PEP will match up to $20,000 per project.
Eligible activities include:
Rehabilitation of existing business structures - interior or exterior
Correction of conditions of deterioration affecting quality of structures
Projects designed to address code violations
Projects designed to achieve code compliance for the intended property use
Preservation of significant historical elements of buildings
Commercial upgrades that address issues that result from long vacant properties