The Commercial Rent Reimbursement Grant Program provides eligible new or existing businesses with rent payment assistance for a maximum period of 12 months within the first 18 months of a multi-year lease.
The CRA has received a complete grant application from Home Racer, LLC which is located in the Industrial District at 1330 W. Industrial Avenue, Bay 108, Boynton Beach, FL 33426. Per their application, Home Racer, LLC focuses on the manufacturing and distribution of racing and flight simulation solutions for gaming and training by professional racers and flight pilots. Home Racer, LLC holds several patents for its unique deigns along with its trademarked brand name "OpenWheeler."
As a tenant of the Industrial District, the base rent, as specified in the lease, is $1,900 per month. Home Racer, LLC falls under the terms of a Tier II business (as specified in the grant application). If approved, the applicant is entitled to receive reimbursement for half of its monthly rent or grant maximum of $900 per month for a 12 month period. The applicant meets the eligibility requirements under the program guidelines and will be reimbursed on a quarterly basis with proof of rent payments.