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1. Program Overview & Purpose
The City of Miami Beach (the “City”) is invested in economic resiliency through diversification. New-to-market or existing expanding technology, financial services, hospitality, or health/wellness industries with a physical location within the City may be eligible for the Parking Incentive Program (the “Program”), a financial-based incentive. For many businesses, parking access is a fundamental aspect of business operations, as it impacts customers, employees, and supply chain logistics. The Program will be piloted for a three (3) year period and accommodate up to five (5) unique businesses.
2. Eligibility Requirements for Reimbursement
Applications will be evaluated on criteria approved by the City Commission as determined by the Administration, including but not limited to:
• New-to-market or existing expanding business with a physical location within the City;
• New-to-market businesses must demonstrate a rental of leased space through an executed lease agreement (or signed Letter of Intent);
• Existing businesses must demonstrate an expansion/increase of leased space through an executed lease agreement (or signed Letter of Intent);
• Business must be in the technology, financial services, hospitality, or health/wellness industries;
• Business must have an executed commercial lease agreement with at least three (3) years remaining (if less than three years remain on the lease, lease must include a renewal option which could extend through the three (3) year Program period; and
• If the business owns the building, in which it operates, the business must show evidence of ownership/site control and a lack of existing parking facilities necessary for employment levels and operations.
* The City Commission, at its discretion, may consider any other criteria at the request and recommendation of the City Manager.
3. Required Documents
TO APPLY:
• Proof of a valid executed lease agreement for business property or Intent to Lease document (valid for at least 3 years) if leasing;
• Proof of a valid ownership deed/document displaying that the property is owned by business if applicable;
TO REQUEST REIMBURSEMENT:
• Documentation that the business has an active and valid City of Miami Beach Business Tax Receipt (BTR);
• Personnel records of eligible employees for the three (3) most recent pay periods, in the form of paystubs or payroll summary report.
• Proof of parking access card purchase
• Registration as a City of Miami Beach Vendor
• Completed W9 Form
* The City Commission, at its discretion, may consider any other criteria at the request and recommendation of the City Manager.
4. Incentive Award
Eligible businesses will be provided a reimbursement-based financial incentive for the dollar value associated with the cost of up to twenty (20) parking access cards, at current City rates. The current City FY2024 rate per access card per month is $128. The business must provide proof of parking access card purchase from the City and/or private operators for reimbursement.
For example, the pilot Parking Incentive Program subsidy would be reduced, over a three (3) year period, as follows:
• Year 1 (12-month period): 100% subsidy at current parking rates = $30,720 (Up to 20 cards x $128 fee x 12 months = $30,720)
• Year 2 (12-month period): 75% subsidy at current parking rates* = $23,040
• Year 3 (12-month period): 50% subsidy at current parking rates* = $15,360
*Each participating business could receive a maximum incentive of approximately $69,120 over the course of three (3) years subject to projected Consumer Price Index (CPI) annual increase, and budget appropriation.
Incentive Amount:
• Value of up to twenty (20) parking access cards over a 12-month period contingent on the business providing records proving that its Miami Beach location provides employment to at least twenty (20) employees. Incentive amount will be based on number of current employees (up to twenty (20)).
• Payments are based on actual parking expenses whether through the purchase of City (Public) or Private parking spaces.
• Reimbursable expenses must be paid by the business entity.
5. Application Process
• Incentive applications and awards will be evaluated and approved on a first-come, first qualified, first-approved basis.
• Applications will be received and evaluated by the Administration, via the Economic Development Department.
• Upon evaluation by the Administration, applicants will be informed of eligibility status.
• Within thirty (30) days of receipt of a complete application, the Administration will schedule an application presentation/recommendation to the City Commission
• The Administration will notify the selected applicant when the applicant is scheduled for consideration at any public meeting
• Upon approval by the City Commission, the applicant will be provided a City of Miami Beach Parking Incentive Program agreement (the “Agreement”).
6. Application Instructions
• Carefully review Program guidelines, application, and related materials.
• Prior to applying, please contact the City’s Economic Development Department to discuss your application, business needs, and whether your business furthers the Program objectives.
• City of Miami Beach Economic Development Department
• Subject: Parking Incentive Program
• Email: mbbiz@miamibeachfl.gov Phone: 305-673-7572
o Submit your online application at mbbiz.gosmart.org.
o Consideration for participation in the Program will not commence until an Applicant submits a complete application. Any prior communication with City staff related to the submission of an application does not constitute application submittal or consideration.
o The Application must be signed by an executive officer or owner of the named entity serving as Applicant.
7. Reimbursement Process
After parking expenses are paid by the business entity whether through the purchase of City (Public) or Private parking spaces, the grant recipient must provide the following to the City for review, prior to reimbursement of expenses:
• Copies of receipts and/or paid invoices
• Proof of payment (copy of checks or bank statements)
The Miami Beach Civic Access (CSS) portal is the next generation service site for permitting, planning, business tax receipts and code compliance. Users can submit various requests online — learn the status of your permit application, building plan or even request an inspection.
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