The Fairport Office of Community & Economic Development (OCED) works closely with both existing businesses in the village as well as those looking to relocate to Fairport to support their organization goals through a variety of means.
How We Help
Fairport OCED is dedicated to helping our businesses to expand, relocate, and become a success.
Commercial Loans
Low interest loans are available for the acquisition, renovation or expansion of real property and the purchase of equipment.
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Business Grant Programs
Our LDC can offer grants for charitable purposes that directly align with our mission and advance our community.
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IDA Programs
Financial assistance for projects that improve accessibility, embrace public art, or create village events.
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Bond Issuance
On occasion, bonds can be issued to support non-profit organizations with projects that will create new jobs.
Learn moreWe offer the following benefits as outlined in the Uniform Tax Exemption Policy:
Real Property Tax Abatement
We can offer reduced taxes owed for a specified period after construction or rehabilitation of buildings.
Sales and Use Tax Exemption
Our sales tax exemption certificates can provide you tax-free purchases that would normally be subject to sales tax.
Mortgage Tax Exemption
Receive the ability to deduct mortgage tax and interest after undergoing a project to your business or building.
Success Stories
The long-vacant 62,000 square-foot former can factory and 42,000 square-foot industrial building that dominated the north side of the village were impediments to the revitalization of Fairport.
What began as a simple façade improvement project in 2004, resulted in the demolition of 2 buildings and the construction of what has become a signature project in the heart of the Village. The Fairport Urban Renewal Agency supported this project with a $300,000 low-interest loan and a façade grant. The total project cost was $1,200,000.
Iron Smoke Whiskey, founded in 2011, is a small-batch craft distillery. Enjoying success, the distillery needed a larger location. Working with Fairport Local Development Corporation, a suitable site was identified, and Iron Smoke relocated to the Fairport location in 2014. The project was assisted with a low-interest loan for renovations, build-out costs, fixtures, and equipment. The total project cost was $850,000.
Developed through Urban Renewal programs in the 1970’s, the 120,000 square foot Fairport Landing shopping center had served as a key component of the Village’s commercial corridor. Due to shifting retail trends and lack of investment, the property was experiencing significant vacancy.
