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.
Learn more
Business Grant Programs
Our LDC can offer grants for charitable purposes that directly align with our mission and advance our community.
Learn more
IDA Programs
Financial assistance for projects that improve accessibility, embrace public art, or create village events.
Learn more
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.