Eligibility

To be eligible for the SmartRiverside Tenant Improvement grant, companies must meet all of the following eligibility requirements

1. Companies must report less than $20 million in annual sales. 
2. Companies must fall within the following North American Industry Classification System (NAICS):
   3341 - Computer and peripheral equipment manufacturing
   3342 - Communications equipment manufacturing
   3343 - Audio and video equipment manufacturing
   3344 - Semiconductor and other electronic component manufacturing
   3345 - Navigational, measuring, electromedical and control instruments              
               manufacturing
   3346 - Manufacturing and reproducing magnetic and optical media
   3353 - Electrical equipment manufacturing
   33599 - All other electrical and component manufacturing
   3391 - Medical equipment and supplies manufacturing
   5112 - Software publishers
   514191 - On-line information services
   5142 - Data processing services
   5415 - Computer systems design and related services
   5416 - Management, scientific, and technical consulting services
   5417 - Scientific research and development services

Note: If a company does not fall into any of the above categories but has any intellectual properties, then they will also be eligible for consideration.

1. The space must be within the City of Riverside city limits.

Uses

Grants can only be used for technology-related tenant improvements and could include, but not limited to, the following uses: wet laboratory space, fiber optic connections, special lighting requirements, specialized equipment, and other similar uses.

Grant Amount

Procedures

To receive funds from the SmartRiverside Tenant Improvement Program, a potential company must meet the above eligibility criteria and do the following:

1. Complete and submit the Tenant Improvement Application.
   1. PDF
   2. WORD DOCUMENT

The form can be downloaded from link above.  Along with the application, include three (3) letters of support.  Mail or submit the application and letters of support to:

SmartRiverside
Tenant Improvement Program
3900 Main Street,
5th Floor
Riverside, CA 92522

1. Once the application has been submitted, the SmartRiverside 

      Tenant Improvement Advisory Board will review the request for           
      approval. The Advisory Board will have up to sixty (60) days from the time of  
      submittal to review the application. 

2a. If approved, the Advisory Board will make a formal recommendation   
      for funding at the next scheduled SmartRiverside Board meeting
     
2b. If denied, a denial letter will be sent to the applicant within thirty 
      (30) days of denial. A decision for denial will be final unless changed
      circumstances can be shown.

1. After the SmartRiverside Board has approved the application, the applicant will be notified within one (1) week of the approval.

1. Once notified, the applicant will have one (1) calendar year to submit a copy of the SmartRiverside Tenant Improvement Reimbursement Form with receipts of all approved tenant improvements. 
   

1. An applicant may only be eligible to apply for funds once, unless the applicant moves into a larger facility or increases the size of its current facility.             

6.   An applicant must continue to operate their business within the City of Riverside
     for at least five years, or be required to reimburse SmartRiverside an amount equal
     to 20% of the initial grant award for each year remaining in the five-year
     commitment period.

Note: Company may be asked to present project before the SmartRiverside Tenant Improvement Program Advisory Board or SmartRiverside Board.