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Covington Rent Subsidy Incentive
Covington reimburses eligible new or expanding businesses for up to half of monthly rent, capped at $500 per month.
About this program
The Covington Rent Subsidy Incentive is part of the city's Small Business Program and is intended to attract new Covington businesses and help existing businesses expand. The program reimburses eligible rent payments up to half of the business's monthly rent or $500 per month, whichever is less, for approved commercial locations in Covington. The incentive helps reduce early occupancy costs for small businesses opening or growing in the city.
Eligibility
Eligible new or existing Covington businesses leasing qualifying commercial space may apply if they meet city licensing, location, lease, timing, and program requirements.
Requirements
- Business must be located in or planning to locate in Covington.
- Applicant must have or be able to execute an eligible commercial lease and open within the required program timeframe.
- Business and property must be properly licensed and compliant with city, county, state, and federal requirements.