Programs & Incentives | Opelika Main Street

Program Incentives

Discover Why

Why downtown? During the past several years, Opelika's downtown has experienced growth and beautification. Opelika Main Street is dedicated to continuing this positive trend by providing you with information and incentives offered only to businesses in the downtown district. In addition to local incentives, the Federal Government and the Alabama Historical Commission also offer benefits for historic properties.

Loans and Grants

Bill Robert's Façade Enhancement Grant Program - The Community Development Block Grant (CDBG) program of the City of Opelika primarily funds this program. Property owners and tenants can apply for a 50% match for a façade enhancement up to $5,000.00 per property. Approval must be received by the City Historical Commission and the Opelika Main Street Design Committee prior to commencement.

Lee-Russell Council of Governments - The Revolving Loan Fund is a locally controlled source of capital used to finance start-up and expanding small businesses. Loans range from $25,000-$200,000. Proceeds can be used to purchase, construct, or renovate buildings, to purchase new or used equipment, or to provide working capital.

Tax Credits

10% Tax Credit - Administered by the National Park Service, the 10% tax credit applies to the rehabilitation of non-historic buildings built before 1936, which are used for non-residential, income producing purposes.

20% Tax Credit - Preservation tax incentives are a credit that can be taken on your federal income tax amounting to 20% of the cost of the work to renovate historic buildings. (Choose "Links to Past" and then "Grants & Assistance")

50% Disabled Access Tax Credit - A tax credit for eligible small businesses that incur expenses to provide access to persons with disabilities. The expenses must be to enable the small business to comply with the Americans with Disabilities Act of 1990. (Form 8826-IRS)

Property Tax Reductions for Income - Producing Historic Buildings - The Wallace Property Relief Constitutional Amendment allows commercial, rental or industrial property to be assessed at the residential rate if the property is deemed historical. This equals a 50% property tax reduction.

Discounts and Waivers

Advertising Discounts - Many local media outlets offer a discount to downtown businesses. Additional discounts are available for new Main Street members.

Note: Applications for the above programs can be obtained at the Opelika Main Street office at 1032 S. Railroad Ave. Some incentives apply to all properties in the district while others are offered to Main Street members only.

For membership information, contact Opelika Main Street. 334-745-0466.