Available Funds:50% of installation costs up to a maximum of $10,000
Matching funds (in the form of a forgivable loan) of up to $10,000 to reduce the cost of connecting a commercial or industrial building to broadband infrastructure. The program includes, but is not limited to, connection to the Lit San Leandro fiber optic network. Projects are evaluated based on their ability to stimulate high-tech business activity, innovation, and job creation.
Applicants must own the commercial property to be improved, be tenants of the commercial property or hold a master lease for the commercial property. The property must be located within the City of San Leandro and adjacent to the fiber optic loop. Tenants must include a copy of the lease agreement and an affidavit from the property owner allowing them to make the proposed building and site modifications. The tenant will be required to verify that they have at least a five-year lease on the property. If the tenant has less than a five year lease, the property owner is required to co-sign the Loan Agreement. Loans are designed to reimburse the participant for completed improvements. The City will reimburse the Applicant for the agreed upon list of improvements upon written request specifying the amount and providing copies of bills and invoices for the completed work. Completion of the approved work will be verified by the City.