WELCOME TO SMARTRIVERSIDE
SmartRiverside, in keeping with its goal of attracting and fostering both new and existing technology companies in the City of Riverside, has developed the High Technology Tenant Improvement Program. Under the High Technology Tenant Improvement Program grants may be awarded to small technology companies with sales of less than $20 Million per year. The program is designed to help offset tenant improvement costs for small technology companies, allowing them to redirect capital.
Tenant improvement submissions are sent via email to: firstname.lastname@example.org
To be eligible for the SmartRiverside Tenant Improvement grant, companies must meet all of the following eligibility requirements
Note: If a company does not fall into any of the above categories but has any intellectual properties, then they will also be eligible for consideration.
Grants can only be used for technology-related tenant improvements and could include, but not limited to, the following uses: wet laboratory space, fiber optic connections, special lighting requirements, specialized equipment, and other similar uses.
Grants will be limited to a maximum of $10,000 per company. Grants will be awarded on a first come, first serve basis contingent upon availability of funds. Grants will be made as reimbursements only. Companies must show receipts and document work performed. Grants will also be subject to availability of funds through SmartRiverside.
To receive funds from the SmartRiverside Tenant Improvement Program, a potential company must meet the above eligibility criteria and do the following:
The form can be downloaded from link above. Along with the application, include three (3) letters of support. Mail or submit the application and letters of support to:
Tenant Improvement Program
3900 Main Street,
Riverside, CA 92522
2a. If approved, the Advisory Board will make a formal recommendation for funding at the next scheduled SmartRiverside Board meeting.
2b. If denied, a denial letter will be sent to the applicant within thirty (30) days of denial. A decision for denial will be final unless changed circumstances can be shown.
2c. An applicant must continue to operate their business within the City of Riverside for at least five years, or be required to reimburse SmartRiverside an amount equal to 20% of the initial grant award for each year remaining in the five-year commitment period.
Note: Company may be asked to present project before the SmartRiverside Tenant Improvement Program Advisory Board or SmartRiverside Board.