Downtown Storefront Relocation + Expansion
From daily necessities to unique shops, Downtown is a growing retail hub. Downtown had 33 storefront business openings in 2023. With a combined spending power of $484M annually, we always have room to grow. Join the momentum and open a storefront with our help.
Current Opportunities
Retail Trade Area Residents by the Numbers
Retail + Dining Destinations
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E. 4th Street
One of Downtown Cleveland’s premier retail corridors, East 4th Street is packed with world-class dining, entertainment, and modern living. Goma, Blue Agave and Cordelia are among the newest fine dining establishments added to the E. 4th Street retail profile, which attracts visitors from around the world.
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5th Street Arcades
The 5th Street Arcades are situated in the heart of Downtown Cleveland, running parallel between East 4th and East 6th Streets, bound by Euclid and Prospect Avenues at each end. Curated with some of Northeast Ohio’s chic local small businesses, the 5th Street Arcades offer a unique and authentic interactive retail experience that can only take place in Downtown Cleveland.
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Tower City
Bedrock continues to add new local retailers to Tower City’s small business portfolio. In the past year alone, adding more than a dozen Black owned businesses. With future plans for a full scale renovation, Tower City most recently added a Skylight Park in partnership with CVNP and the Conservancy for Cuyahoga Valley National Park. The addition of the park and soft seating transforms the mall itself into a chic place to meet colleagues for a quick work meeting.
Small Business Spotlight
Incentives and Resources
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A grant that allows businesses to reduce their equity in a SBA funded project from the required 25% to 10%.
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Provides financial assistance to neighborhood retail businesses, restaurants and merchants to upgrade the exterior and interior appearance of storefronts.
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Long-term fixed-rate loans of up to $500,000 capped at 33.3% of total project cost. Loan terms are typically 5-7 years on equipment.
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Helps companies that need additional working capital beyond their traditional lines of credit by promoting low interest loans currently below 3%.
Contact us
Fill out the form below and we will reach out to you with help for your Storefront Relocation and Growth needs.
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