Which policy instrument best supports local business retention during redevelopment?

• A. Business retention and expansion programs with streamlined permitting and targeted incentives
• B. Blanket eviction moratoriums
• C. Elimination of permits
• D. Strict anti-occupancy rules

Answer: (A)

Keeping local businesses in place during redevelopment requires a policy that directly reduces the barriers they face and provides concrete support to stay open. Business retention and expansion programs that pair streamlined permitting with targeted incentives do exactly that. Streamlined permitting cuts through red tape, shortening the time between applying and being able to operate, which is crucial when shopfronts and streetscapes are changing. Targeted incentives—such as grants, tax credits, or loan programs—help offset the costs of staying open, upgrading space, or adapting to new layouts, making staying put financially feasible instead of relocating.

This combination is the most effective because it tackles both the process hurdles and the financial pressures of redevelopment, supporting continuity of customers, jobs, and community character. In contrast, blanket eviction moratoriums focus on tenants rather than business operations and do not address ongoing viability, elimination of permits would create chaos and safety issues, and strict anti-occupancy rules would constrain how businesses can use space during redevelopment.