Single-story buildings
up to 50% · max $50,000
Matching reimbursement of eligible investment.
§ Business · CRA incentives
Lake Wales CRA Business Incentive Programs
The CRA administers two documented incentive programs — a matching-reimbursement Business Incentive Program for building improvements, and a separate Restaurant Incentive Program for leasehold improvements.
2025 report snapshot
Source: City of Lake Wales, 2025 CRA Annual Report · FY 2024-2025 · Last verified 2026-07-16
Business Incentive Program
Matching reimbursement for eligible building improvements.
Verify before applying
Program boundaries, eligibility, available funding, and application rules must be confirmed with the Lake Wales CRA before applying.
Multistory buildings
up to 50% · max $100,000
Matching reimbursement of eligible investment.
Eligible improvements
- Façade
- Infrastructure
- Electrical
- Plumbing
- Mechanical
- Sprinkler system
- Fire-suppression system
- ADA accessibility
- Landscaping
- Parking-lot improvements
- Demolition
- Other approved considerations
Excluded business types
- Bars
- Nightclubs
- Restaurants
- Liquor stores
Excluded categories are as printed on the program material and may change.
Program contact
Needs current verificationOnya Bates
863-678-4182 ext. 1337
obates@lakewalesfl.gov
Restaurant Incentive Program
up to $50,000 for qualified leasehold improvements.
Provides eligible leaseholders with assistance for qualified leasehold improvements needed to open and operate a restaurant or food business.
Reported 2025 recipients
- Vibin' Vinny's
- Lady B's Tea Parlor
The 2025 annual report says two establishments received assistance.
General result: Two businesses received assistance through the broader CRA Business Incentive Program.
Do not treat current funding availability as guaranteed — confirm with the CRA before applying.