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Free rent offered for new downtown business

RUTLAND - In an effort to help build business in uncertain economic times, the Downtown Rutland Partnership has launched a new initiative that will offer free rent for a year to one new or relocating business into downtown.

Applicants must represent a new business to downtown Rutland. Relocation of pre-existing downtown businesses does not qualify for the partnership's Free Rent for a Year program.

Applicants must include a complete business plan and pro-forma. The new business must be located in a first floor, ground level and vacant space within the Downtown Rutland District. Retail businesses will be given special consideration for this program as they help drive foot traffic that in turn will support other business downtown.

The program award will be $1,000 per month for rental assistance. Finally the award winner must sign a three-year lease with their property owner.

Feel free to call the Downtown Rutland Partnership for more info at 773-9380 or visit our Web site for an application and more details at www.rutlanddowntown.com

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