For Businesses

Real Property Tax Abatement

FIDA

We help developers manage their incremental tax payments for construction or rehabilitation projects.

Sales, Mortgage and Use Tax Exemption

FIDA

We can help lower costs by providing tax exemptions for construction, project financing, renovation or equipping an eligible project.

Commercial Loans

FLDC & FURA

Low interest loans are available for the acquisition, renovation or expansion of real property and the purchase of equipment.

Sign & Facade Grant Program

FLDC

This is an incentive program to help owners of commercial properties or business owners to make sign, façade and frontage improvements that enhance the attractiveness of their properties.

Bond Issuance

FLDC

Tax-exempt bonds to construct and equip facilities for not-for-profits can reduce the cost of financing.

Community Support & Sponsorships

FLDC

Financial assistance for projects that improve accessibility, embrace public art, or create village events.

Commercial Residential/Mixed-Use Program

FURA

Financial assistance is available through additional FURA programs. Contact us to learn more about what your project could qualify for.

Use of Property

FIDA

To request permission to use OCED owned property for your event.

For Residents

Home Loan Programs

FURA

The objectives of the program are to improve the housing conditions of families, revitalize neighborhoods, reduce operating costs and energy consumption, correct code violations and improve accessibility for the handicapped and elderly.

Front Porch Grant Program

FURA

This program encourages exterior preservation, restoration, rehabilitation or construction of front porches, which are compatible with traditional style and details appropriate to the original home.

Senior/Disabled Homeowner Programs

FURA

The Fairport URA awards grants to income-eligible seniors and homeowners with disabilities for essential and/or safety-related home improvements or repairs. To qualify, owner-occupied properties must be located in the Village of Fairport.

Section 8 Housing Program

FURA

The Village of Fairport is contracted with the Fairport Urban Renewal Agency to administer the Section 8 Program, which is designed to promote decent, safe and affordable housing, create economic opportunities and a stable living environment without discrimination for tenants in eastern and southeastern Monroe County.

Success Stories

The Cannery

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.  

Sterling West

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

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.

Fairport Landing

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.

Testimonials

“The village of Fairport’s economic development group has embraced the project,” Lester said. “Most municipalities would have put the development team through the ringer. Fairport was like, ‘What can we do for you?’ ”

Matt Lester

Caliber Brokerage

“This is a shining example of how the arts and the Erie Canal can come together to create vibrant public spaces. Fairport has long been a quintessential canal village and this installation will make it an even more compelling destination.”

Brian U. Stratton

NYS Canal Corporation Director

“Fairport’s Office of Community and Economic Development supports local businesses and is dedicated to developing a Village business district that supports small business and the needs of the local community. OCED helps business owners cut through the red tape and navigate the complex process for new businesses looking to open or existing businesses looking to expand. It is like having an extra consultant on your team that will support you throughout the life cycle of your business.”

Tracy Jong, Esq.

Senior Attorney, Evans Fox, LLP

“The Village of Fairport is blessed with scenic Canal frontage, vibrant retail, food and beverage establishments, and a wonderfully charming community. They are also fortunate to have the Office of Community and Economic Development, which works tirelessly to champion development projects and capitalize on opportunities to optimize their downtown. Working with OCED on numerous projects within the Village has been undoubtedly one of the highlights of my professional career.”

John Reddington, RLA, ASLA

Trowbridge Wolf Michaels - A Fisher Associates Landscape Architecture Studio

“Fairport OCED supports the charming and thriving village of Fairport with engaged and creative leadership who are dedicated to working with businesses and the community on sustainable growth. Great people to work with!”

Jared Shepard

MRB Group

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