revolving or special redevelopment incentives for … incentives for downtown including ms, stms and...

Redevelopment Incentives for Downtown Including MS, STMS and Other NC Communities

City Façade Grant Program

Revolving or Special

Loan Funds

Rental or Business

Assistance Program Signage Grants

Interior Rehabilitation

Grants Other Incentive Other Incentive

Albemarle

Façade Improvement Grant: 50%

Matching Funds up to $1,000.00.

Funded through City

appropriation and local private

support.

Sign Grant: 50% Matching

Funds up to $500. Funded

through City appropriation and

local private support.

Landscape Grant Program; 50%

Matching Funds up to $750.00 . Funded

through City appropriation and local

private support.

Architectural Services Incentive: An

incentive to encourage good design

projects which capitalize on the

rehabilitation of existing properties

and/or the introduction of sympathetic

new building design. Provides 50% of the

design cost of up to $1,000/project.

Funded through City budget

appropriation.

Albemarle Downtown Area

Revitalization: The purpose of the

Albemarle Downtown Area

Revitalization is to encourage and/or

promote infill growth with historic

restoration and new commercial

development, to include mixed use, in

the MSD. Revitalization grant incentives

are as follows:(1) Appraised tax value of

site or building is determined before any

construction begins; (2) Appraised tax

value of site or building is determined

after construction is completed upon the

issuance of a certificate of occupancy;

(3) Owner pays full amount of newly

appraised tax value of property; (4) The

City of Albemarle provides grant

incentive to property owner; (5) Five (5)

concurrent tax years is the applicable

time period for grant incentive. Funded

through City budget appropriation.

Benson

Reimbursement based, $500 grant

award paired with a 1:1 dollar match

for approved façade projects up to a

ceiling amount of $1,500

Revolving Loan Fund: established to

encourage the

development/redevelopment of

commercial and residential uses in the

central downtown business district.

The Program serves to provide lower

interest rates and more flexible

borrowing terms to downtown

investors, in order to meet the specific

economic needs of downtown projects.

The RLF is intended to offer financing

at less than market interest rates to

make it more financially feasible for

owners or developers to renovate

buildings. Lower interest rates and

longer terms will reduce the owner’s

monthly debt service and will enable

the owner to offer the units for

monthly rents affordable to more

people. Funded through USDA Rural

Development Grant

Downtown Benson New Business

Start-Up Incentive Grant: $1,500 as a

1:1 match per grant. The goal of this

grant is to encourage new business

start-up without the need to establish

another loan. Downtown Benson

New Business Rental Assistance

Grant: Grant amounts shall be 25% of

the rental price for a period of 12

months. The maximum contribution

will be established by an annual

market assessment of downtown

rental properties but in no case shall

the contribution exceed $300 per

month. Must submit a grant

application along with a copy of the

lease agreement and business plan.

Downtown Benson Residential

Incentive Grant: This grant should

have a $2,500 maximum amount and

should be used for up-fitting the

upper floor(s) of any downtown

commercial building for a residential

tenant. This will be a 1:1 matching

grant program. This grant may not be

used for any other ground floor or

upper floor use.

Public Utility Grant: The grant will be a

reimbursement of 25% of each month’s utility

bill for the period of one year. This grant is

available for any new business in the Greater

Downtown Area only. Downtown

Benson Redevelopment Incentive Grant –

The purpose is to encourage and /or promote

infill growth as well as building rehabilitation

throughout Benson’s Greater Downtown

Area(GDA) Any owner of a commercial

building and/or vacant property within the

GDA is eligible to apply. Residential projects

are eligible only in the creation of upper floor

units (condo or rental apartment) in an

existing commercial structure with a

commercial use on the street level; or as part

of a new mixed-use project with the

residential component on upper floors.

Reimbursement grant disbursed over 5 yrs,

based on the appraised tax value of the

potential site or building.

Rehabilitation Loan Fund--loans at a fixed

interest rate of ¾ prime amortized over 20-

40 years. Each loan has a five year balloon

payment or call. Business needs identified in

the 2009 Market Analysis will receive first

priority for lending. Retail-Commercial Loan--

for leasehold improvements only. Building

owners and lessees will not qualify unless

they are up-fitting the building for their own

small business use. The loan program shall

provide up to 100% of up-fit for projects not

exceeding $10,000. Operating Loan--

Loans for inventory, furniture, fixtures,

signage and equipment are eligible for this

program. For new businesses only up to $5K.

1/23/2015

For more information

Contact

NC Main Street Center

919.571.4900




Loan Funds

Rental or Business




Boone

Facade Incentive Grant: Grants

shall be awarded on a

reimbursement basis only

following the satisfactory

completion of an exterior facade

renovation as detailed in grant

application. Up to one-half of the

total cost for a renovation may be

approved with a maximum award

of $2000.00 per facade. Funded by

MSD funds.

Grants shall be awarded on a

reimbursement basis only

following the satisfactory

completion as detailed in the

application. Up to one-half of

the total cost for a sign may be

approved with a maximum

award of $1000.00 per sign.

Brevard

Small Grants Program: Requires a 50%

match and is structured as a deferred

loan, meaning that if the improvements

stay in place for three years the interest

free loan becomes a grant. If the

business closes or changes hands, the

loans become due to Heart of Brevard.

Covers interior and exterior

improvements. Funded by Heart of

Brevard general funds and other

economic development partners..

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Burlington

Building Rehabilitation and

Modernization Grant-Exterior Facade

& Signage- To encourage the

rehabilitation of buildings within the

downtown area in a manner that

contributes to an attractive business

district while meeting the modern

needs of business and living spaces.

Wood and masonry repair, window

repair, exterior painting, appropriate

cleaning of brick or masonry, awning

installation and signage. $7,500 per

façade or per interior with a $20,000

building maximum are available on a

50/50 matching basis. Rear and side

facades that are viewable from a

street are eligible if the front façade

has been improved. Program is

structured as a 5-year deferred loan,

meaning that after 5 years, if the

building is maintained, the loan

becomes an interest-free grant. Roof

repair/replacement is subject to the

façade maximum of $7,500. $1500 in

matching funds for signage

installation is also available.

Available for MSD property and

business owners. Funded by MSD

funds and City grant.

Business Upfit Grant: To expand

and facilitate the growth of new

and current business in DT.

Priority is given to specific

business types such as full service

restaurants, specialty retail etc.

50/50 matching program with a

maximum of $5K with the

possibility of an additional $5K for

restaurants needing specialty

equipment. Funds may be used

for demolition, painting, finish

carpentry, fixtures, flooring and

equipment. New businesses in

operation less than 2 years &

existing businesses that are

expanding or changing their

business model are eligible.

Funded by MSD funds and City

grant.

Building Rehabilitation and

Modernization Grant Interior

Systems Grant: To encourage the

rehabilitation of buildings within

the downtown area in a manner

that contributes to an attractive

business district while meeting the

modern needs of business and

living spaces. -Addresses

modernization of the interior shell

of DT buildings. This can include

upgrades to plumbing, hvac,

electricity, fiber optics, energy

efficiency improvements and

improvements related to the

Number 1 fire district. $7,500 per

façade or per interior with a

$20,000 building maximum are

available on a 50/50 matching

basis. The program is structured as

a five-year deferred loan, meaning

that after five years, if the building

is maintained, the loan becomes

an interest-free grant. Funded by

MSD funds and City grant.

Marketing Assistance Grant: To assist

new and existing businesses in their

effort to expand their businesses, attract

new customers and to keep their

businesses on sound financial footing.

Activities under this program are less

likely to be issued in the form of direct

grant assistance and more likely to be

issued through technical assistance.

Proceeds from this grant may be used for

specialized training, workshops, software,

research or development of marketing

strategies. The max grant amount for the

two year period is $3,000 and is a 50/50

matching program. Both new and existing

businesses are eligible. Interested

applicants should meet with BDC staff

prior to application to discuss their

proposal and potential available

resources. Funded by MSD funds and

City grant.

Downtown Residential Incentive Grant:

To aid in the development of quality

income-producing resident uses in the

upper levels of buildings within the

downtown MSD. Will fund interior work

associated with creating Class A

residential units, including demolition,

up-fit, and installation of systems,

finishes and fixtures. Eligible projects

include: rental or apartment housing,

condo development, or hotel

development. Available Funds: A

$3.50/sq ft. subsidy is proposed with a

maximum of $5,000 per unit for the first

100 units built, with a $2.50/sq ft

subsidy available for the next 150 units

built. Units to be designated as Class A

are eligible. Class A will be determined

by the BDC. Applicants will submit

sample boards of finishes to help

determine eligibility. Investor-owners of

Class C or B units wishing to upgrade

them to Class A are also eligible for the

grant. Funded by MSD funds and City

grant.

Carrboro

Loans from the fund for projects

such as construction or renovation

of a building, purchasing existing

buildings, the acquisition of

equipment, the extension of

utilities or streets to new sites,

parking lots, and inventory. Other

potential projects are explored s as

long as it can be shown new jobs

are created or retained. Project

must use some private funds,

preferably at least 50% of the

project cost. Project must create or

retain at least one job per $10,000

of CRLF moneys and 51% of jobs

should go to those with low or

moderate incomes.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Clayton

Grant of up to $5,000 per façade

on a 50% (DDA) / 50% (Applicant)

matching basis as funds are

available . Funded through Town

general fund.

Clayton Downtown Redevelopment

Incentive Grant (CDRIG) based on tax

value difference from beginning of

project to conclusion - for infill and major

rehab projects

Clinton Façade Improvement Grant

Program: Up to $1,000 per façade

on a 50:50 matching,

reimbursement basis. Must be in

accordance with design guidelines

for historic district. From MSD

funds.

Downtown Special Tax District Incentive

Program: A property owner or developer

within the special tax district, after

completing application process and

paying all annual property taxes, will be

"granted" from the City of Clinton and

Sampson County a sum equal to the

difference between the total tax amount

paid and the original tax value before

renovation and construction. The special

tax district incentive program time period

is five years. From MSD funds

Concord

Reimbursement matching grants,

50/50 matching basis. The

maximum CDDC contribution is

$2,500. Funded through city budget

appropriation.

Jump-Start Grant Program:

created to encourage the location

of businesses in specific categories

to the Municipal Service District of

downtown Concord. The grant is

a one-time reimbursable matching

grant in an amount up to $1,500

which may be used to assist in

interior building improvements

and other start-up expenses

related to opening the business.

Funded through city budget

appropriation.

Designed to assist business

owners in the design and

funding of signage for

downtown businesses. These

reimbursement matching

grants cover up to 50 percent

of the cost of the design and

production of signage and will

not exceed $350.00. Funded

through city budget

appropriation.

Upper Floor Grant Program was

created to encourage investment

in renovating and restoring upper

floors of buildings within the MSD.

Reimbursement matching grant

program, 50/50 matching basis.

The maximum CDDC contribution

may not exceed $2,500. Funded

through city budget appropriation.

The City offers a reduction of 85% of

property taxes for three years to any

property owner who invests at least

$100,000 in the MSD.

Davidson

Dunn

Metal Awning Removal Assistance

Program: Established by the Downtown

Dunn Dev. Corp. to provide financial

assistance and incentive to property

owners to remove their metal awnings.

Up to $500 available and renovations

must conform to City building and zoning

codes.

no incentive programs in place.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Durham

Façade Grant Program:

Reimbursement basis up to $3000.

$100 Application fee. Funded

through City of Durham budget

appropriation through ED office to

Downtown Durham, Inc. The

objective of the facade and sign

grant programs is to improve the

pedestrian experience downtown

by enhancing the visibility and

appearance of downtown

businesses through

Signage and façade improvements

that are physically, historically and

architecturally compatible with

downtown buildings.

Sign Grant Program:

Reimbursement basis up to

$2000. $100 Application fee.

Funded through City of Durham

budget appropriation through

ED office to Downtown

Durham, Inc.

Eden

Façade Grant program-$500

maximum award, 1:1 match

required. Funds are from

appropriation from the Eden City

Council.

Edenton

Costs of eligible projects are

shared between the tenant/owner

and Destination Downtown

Edenton on a 50/50 matching

basis, up to $1,500. DDE share is

provided as provided as

reimbursement at the completion

of the project. From DDE general

budget

Elizabeth City

Facade Matching Grant Program-

Two award categories. 1) funds

available for façade improvements

1:1 up to $1,000 include awnings

and signage. 2) Special projects

that cost less than $10,000 and

project is larger than an average

facade or is undergoing substantial

renovations are eligible for up to

the lesser of $2500 or 1/2 the

total cost. Funds provided

through City appropriation.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Elkin

Facade Improvement Program:

Reimbursement basis matching

grant program. Costs of eligible

projects are shared between the

tenant/owner and the Façade

Grant on a 50/50 matching basis,

with the MSAB’s Façade Grant

share provided as reimbursement

at the completion of the project.

In each project the contribution by

the owner must equal or exceed

the MSAB amount. All

improvement work will be

inspected upon completion and a

check will be issued provided the

work is accomplished in

accordance with the agreement.

The minimum project funded will

be $400.00 and the maximum

project funded will be $2000.00,

with respective matches of

$200.00 and $1000.00 from the

applicant From MSD funds.

Mural Grant Program: 50/50 match up to

$1500 for adding a mural to downtown

buildings. From MSD funds.

Farmville

Façade Improvement

Grant—Grants will be given on a

50% owner/50% Town of

Farmville basis not to exceed

$5,000 grant award for the total

project. Funding will not be

distributed prior to a final site

review by the Façade Grant

Coordinator and receipt of copies

of invoices and proof of payment.

Funds provided as a recurring

appropriation by the Town Board

of Commissioners.

Forest City

Provides design services only.

Funds the fees of a preservation

architect and a preservation

planner (for tax credit applications

and advice) for use by any

property owner rehabbing their

building. This is about $12,000-15,

000 a year, sometimes more.

Town will pay half the fee.

Mini-grant program – not offered

every year, but when monies

available, will cover wide range of

business improvement requests. In

2010-2011, pot was $25,000.

on a case by case basis, Town will put in

free lines and taps (we are the utility

company).

Case-by-Case Incentive Program for

bigger projects

Franklin no incentive programs in place.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Fuquay-VarinaFaçade Matching Grant Program:

administerd by Town with budget

appropriation. 1:1 match up to

$2500.

Garner

Available to commercial buildings

located in the Central Business

District. Up to 50% of the

renovation costs, not to exceed

$5,000 will be reimbursed to the

property owner upon successful

completion of the project. Grant

funds will be disbursed once work

has been completed, inspected

and all copies of all paid receipts

presented to GRA. Property

owners must sign a Maintenance

Agreement committing to

maintain the property after work

is completed. Allottedto GRA from

Town budget .

Gastonia

I.D.E.A.L. Façade Improvement

Incentive: open to businesses in

the MSD that have been open for

at least 12 months. For façade

alteration or improvement up to

50% of the incurred cost up to

$2500 on a reimbursement basis

and must meet CBD design

standards in the city's UDO.

Funded through MSD

I.D.E.A.L. Rent Subsidy Incentive:

Eligible businesses shall receive a

monthly payment, not to exceed

12 consecutive months, which

cumulatively totals to $3/sq.ft. of

tatal dedicated useable space or

$5/sq.ft. of total dedicated

useable space depending on the

business category and subsidy

payment shall not exceed 50% of

total rent paid for any given

month. Funded through MSD.

I.D.E.A.L. Up-fit Incentive: Eligible

businesses receive a one-time

incentive grant up to $3/sq.ft. of

tatal dedicated useable space or

$5/sq.ft. of total dedicated

useable space depending on the

business category not to exceed

50% of allowable business upfit

expenses. Allowable up-fit

expenses shall be limited to

additions and/or renovations

which will remain w/ the building

if/when lease is terminated.

Funded through MSD.

I.D.E.A.L. Architectural Design Services

Incentive: Building owners &/or potential

eligible business owners in the MSD can

apply for a voucher for architectural

design services not to exceed 10 billable

hours at no more than $125 /hr. from

the city's designated on-call architect.

Funded through MSD.

Gaston Chamber Membership

Incentive: Businesses are eligible to

receive a one-year trial membership in

the Gaston Chamber funded jointly by

the IDEAL program & the Chamber's

scholarship fund to provide grant

recipients with access to business

expertise, instruction and contacts to

help promote the success of the

receipient's business and includes a

mentor from a similar business.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Goldsboro

Three facade award categories are

available, depending on the project

scope: 1) At a minimum, qualifying

projects are eligible for a grant of up

to $1,000 per façade on a 50/50

matching, reimbursement basis. 2)

Special Projects that cost less than

$10,000 in total facade expenditures

by an applicant are eligible for a grant

of up to the lesser of $2,500 or 1/2

the total cost. 3) Special Projects that

exceed $10,000 in total façade

expenditures by an applicant are

eligible for a grant of up to 25% of the

total façade project cost. The

maximum amount awarded to an

applicant per project is not to exceed

$10,000 in a 10 year period. Funded

from MSD funds.

Downtown Business Incentive

Grant Program: Applicant must

either be a new business start up

or an existing business that has

been in operation for at least 3

years and is located outside of

downtown with plans to relocate

within the MSD. The program

offers a one-year grant of no more

than $400/month paid in equal

monthly installments for one year

to the applicant once the

applicant’s business has

opened. Funds will serve as a

reimbursement for eligible

expenses during the monthly

period, including but not limited

to: a) advertising, b) utilities, c)

rent and d) insurance.

GreensboroThe Façade Improvement

Program provides a matching

grant of up to $5,000 or 50% of

the façade renovation project,

whichever is less. The Façade

Design Assistance Program

provides the services of architects

to offer ideas

for façade improvements.

Business owners select an

architect from a DGI list. After

conferring with the property

owner, the architect provides

sketches of a potential new

façade.

DGI has a Professional Advisors Panel to

help existing or new entrepreneurs in the

center city. The panel consists of experts

in financing, real estate, marketing,

architecture and construction who can

provide one hour of free, confidential

business assistance

City of Greensboro Targeted Loan Pool

Program: leverages private lender funds

going towards the expansion of business

opportunities. consisting of City

investment of $400,000 of CDBG funds,

which are combined with $600,000 of

private funds through bank partners.

Loans can be made available to existing

businesses for expansion or for start-up

businesses. Business must be located or

desiring to locate in Greensboro’s State

Development Zone area. Loan amounts

$25,000 to $250,000. For each $50,000

borrowed a permanent job must be

created or retained for low and

moderate income persons. Loan

amortization can be up to 15 years. If

funds are for renovations, borrower has

an interest-only payment for 6-12

months to complete work before making

a complete loan payment. Interest Rate:

The City’s loan (40% of loan amount) is

at or less than 5%. The bank loan (60%

of loan amount) is at the servicing bank’s

prime rate.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Greenville maximum grant that may be awarded

per facade is $5,000 on a minimum of

$10,000 ofexpended facade

improvements/repairs by the

owner/tenant with a $1:$2 match.

Façade Design Assistance Program provides

the services of architects to offer ideas

for façade improvements. Business owners

select an architect from a DGI list. After

conferring with the property owner, the

architect provides sketches of a potential

new façade.

Henderson

Hendersonville

Façade Grants-Partners with

Hendersonville Historic

Preservation Commission. Will

pay 50% of qualified rehabilitation

costs. Maximum award is $1500.

Funded through MSD funds and

Funds from the Historic

Preservation Commission.

Hertford

Façade Improvement Grant:

Funded through Historic Hertford,

Inc. Costs of eligible projects are

shared between the tenant/owner

and HHI on a 50/50 matching basis

with HHI’s share provided as

reimbursement at the completion

of the project up to $1,000.


1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Hickory

Community Appearance Grant:

This program offers matching

grants of up to $5,000 or 50 % of

exterior improvement costs

(whichever is less) to projects in

the Urban Revitalization Area.

Examples of eligible façade

improvements include: window

replacement, detail painting,

repointing of brick and

mortar.Program administered by

the Community Appearance

Commission. Through City of

Hickory. Historic

Preservation Grant: Grants of up

to $2,500 or 50% of eligible

projects costs (whichever is less)

are available for properties which

qualify for National Register

listing. The cost of research for

North Carolina Study List inclusion,

consultants’ work for listing to the

National Register or costs of

preparation of tax credit

nomination are eligible activities.

The buildings must be vacant or

under-utilized for at least six

months to qualify for grant

funding.

Vacant Building Revitalization and

Demolition Grant: Through City and may

be used in DT, this program seeks to

encourage the reuse of vacant buildings

over 10,000 square feet that are located

within the city’s Urban Revitalization

Area. This grant program is designed to

help owners of vacant property make

improvements that will result in the

occupancy and reuse of their vacant

buildings and improve the surrounding

neighborhood. Funding of up to $30,000

or 15 % of eligible project costs

(whichever is less) is available interior

and exterior improvements to vacant

buildings located within the Urban

Revitalization Area. Funding of up to

$20,000 or 35 percent of eligible project

costs (whichever is less) is available for

demolition of substandard buildings.

Landscape Incentive Grant: This

program provides grants of up to $2,500

or 50 percent of eligible landscaping

costs (whichever is less) for businesses

to make improvements to their

landscaping. This grant is administered

by the Community Appearance

Commission.

Jacksonville

Matching reimbursable grant

funds whereby B.O.L.D. of

Jacksonville, Inc. will match 50% of

each dollar spent by the

applicant/business on exterior

façade improvements, up to

$2,500.00 after the work has been

completed.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Kings Mountain

Façade Grant Program: Up to

$6,000 per façade at a 50:50

match. Minimum project cost is is

$5,000. Funded by City through

Planning Dept funds.

Downtown Signage Grant

Program: Maximum grant

amount is $ 750 with a 50:50

match on a reimbursement

basis. Thorugh city funds.

Downtown Development Inducement Grant

Program: 100% of the costs of façade design

work up to $1000 will be forgivenif the

property preservation or rehabilitation meets

the Sec. of the Interior Standards w/in a 2

year period.

Kinston

Façade/Interior Renovation

Program is designed to encourage

renovation and restoration of

commercial and multi-family

residential buildings in downtown

Kinston. Qualifying façade

enhancement projects are eligible

for a grant of up to $2,000 per

facade on a 50-50 matching basis.

Interior renovation and roof

protection projects may receive up

to $20,000 on a 1:3 matching

basis.

Interior Renovation Program: see

Façade Interior Renovation

Program.

Lenoir

Façade Improvements funded

through Building Improvement and

Rehabilitation Program-see under

"Other Incentive"

Building Improvement and

Rehabilitation Program: Funded by City.

Applicants are required to invest $3 for

every $1 of grant funding received.

Grants range from $500 to $5,000.

Projects exceeding $20,000 will still only

be reimbursed for eligible expenditures

up to $5,000. Covers a variety of interior

and exterior improvements including ADA

upgrades, sprinkler systems, facades,

window repair etc.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Lexington

Façade grants available to property

owners/tenants in the MSD as

follows: 50 Lineal Feet or Less is

eligible for a maximum grant of

$2,400 per facade that faces a city

street; 50 Lineal Feet or More: Any

building w/ a facade exceeding 50

lineal feet may request an additional

$25 per lineal foot as determined by

Uptown Lexington, Inc. The maximum

grant available is $4,200; Any parking

lot or improvement other than a

building shall receive a maximum

grant of up to 50% of the total cost or

$4,000, whichever is less. Signs are

eligible for grants of 50% of the

project cost up to $500. Funded

through a grant from the City to ULI.

Endangered Properties Program:

Uptown Lexington Inc., works to

purchase and stabilize significant

properties in the Uptown district and

then market them for business

development.

Design Assistance Prorgram: offers free

design assistance for exterior façade

improvements, parking lot design, and site

improvements for properties located within

the Uptown Lexington Municipal Service

District. Funded by the City of Lexington and

administered through the Façade Incentive

Grant Program by Uptown Lexington, Inc.,

this incentive is intended to assist property

owners and/or business owners in making

good design choices that will enhance their

individual properties and support Lexington’s

streetscape and uptown district.

The City of Lexington has specific

commercial customer rebates for both

electric and natural gas. For more info, see

www.lexingtonnc.net.

Lillington

Façade Grant Program: Town

provides 50% match up to $2,000 for

improvements to the exterior of their

downtown buildings including

signage, canopies, brick repair,

repainting, windows, and more.

Funded through Town budget

appropriation.

Lincolnton

Incentive Grant Program for

Storefront Rehabilitation: Provides

50% of the total cost of approved

projects up to $40 per linear foot of

front façade of buildings more than

50 years old. Side facades are eligible

on corner buildings and buildings

where the side façade is clearly visible

from a public right-of-way as the

result of a missing building or change

in building setback. (If a building has

more than one eligible facade, each

façade is considered separately. See

Example) Rear facades are ineligible

to receive grant funds. Funded from

city budget .

City of Lincolnton established its

Redevelopment Incentive Grant to to

encourage and promote infill

development and the major

rehabilitation of older buildings in

downtown Lincolnton. It is a formula

grant that reimburses the developer

for the net gain in property tax value

for the project. The private developer

pays all up-front development costs

then is paid a cash grant based on the

amount of tax revenue generated by

the project.

Incentive Grant Program for Substantial

Building Rehabilitation:: Provides $10.00 per

$100 (10%) of assessed value which assures

that the rehabilitation incentive operates

within the context of the building’s local real

estate market, for commercial buildings over

50 years old,, expenditures must exceed 50%

of the improvements value of the building--

within 24 months. Funded from city budget

Architectural Services Grant Program:

Incentive to encourage good design projects

which capitalize on the rehabilitation of

existing properties and/or the introduction

of sympathetic new building design.

Provides 50% of the design cost of up to

$2,500. Revenue generating business or

residential property eligible for listing on the

National Register of Historic Places or in an

NR District in which design drawings will

facilitate the reuse of the building and/or

property with priority given to adaptive

reuse of white elephant buildings, infill new

construction & conversion of upper story

space into residential dwelling unit(s).

Funded from city budget

1/23/2015


Contact


919.571.4900




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Lumberton

City of Lumberton committs $25K

per year and will pay will pay one-

half (1:1 dollar ratio) of the cost of

improvements not to exceed

$10,000. The property owner is

responsible for maintenance of

façade and/or landscape

improvements. Has been

expanded to include inside

renovation that is matched if the

property owners spends 50% of

the grant monies on outside

improvements. Will also match

anything that has to do with

energy efficiency improvements:

window replacement, HVAC units,

indoor lighting, etc. Funds

disbursed on a reimbursement

basis upon furnishing paid receipts

for approved expenditures

Marion

Historic Marion Grant: For

Downtown Historic District. 50/50

matching façade grant up to

$5,000. Funded through City of

Marion.

Is partnering with the North

Carolina Rural Economic

Development Center to offer local

entrepreneurs express loans of up

to $5,000 to start or expand a small

business through the center’s

Microenterprise Loan Program. The

Rural Center has committed

$250,000 for their new express loan

product. The express loan gives a

chance to small business owners

that aren’t quite ready for a larger

business loan or who need to build

their credit.

$750.00 50/50 match – Funded

with MBA membership funds

Historic District Façade Grant - $5,000.00

with a 50/50 match. This is a partnership

grant with MBA and McDowell Economic

Development Association to improve

neglected buildings in the Downtown

Historic District. 50% funded with MBA

membership funds and 50% funded from

McDowell Economic Development

Association

Mocksville

Façade Grant program. Funded

through City General Funds.

$5,000 fund. Up to $1,000 with a

50/50 match.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Monroe

1. City of Monroe Façade

Rehabilitation Grant Program:

Owners may receive up to 25% of the

cost of façade renovations not to

exceed $15,000. Corner buildings or

buildings with rear facades are

eligible to apply for up to 25% of the

cost of the additional renovations not

to exceed $10,000 to rehabilitate or

restore qualifying additional facades

on a first come first serve basis.

Funded through City budget

appropriation 2.

Façade Improvement Grant (FIG), was

created for the purpose of

encouraging private investment in the

restoration of building façades in

downtown Monroe. The grant assists

with the costs associated with

exterior improvements of buildings

that reside within the Central

Business District and can significantly

reduce these costs by as much as

50%, up to a limit of $4,000. Funded

by Downtown Monroe, Inc.

Downtown PRONTO offers rental

assistance, business license fee

assistance and interior upfit

assistance for qualifying

retail/restaurant businesses wishing

to open in Downtown. Maximum

award up to $10,000. Funded


Residential Investment Grant (RIG),

assists with the development of

residential uses in the upper levels of

the buildings that reside within the

CBD. This grant can significantly

reduce the costs associated with the

rehabilitation of an income producing

structure by providing up to $20 per

$100 (up to 20%) of the assessed tax

value. Funded through City budget

appropriation.

The Mixed-use Development Grant Program

(MuDI) assists with the renovation and

rehabilitation of Commercial and Residential

Properties w/in the CBD/MSD to encourage

occupancy of unused space within downtown

and serve as a catalyst to preserve the

structures that give Downtown its character.

This grant is for investors that take on a multi-

building development project of two or more

building structures which encompass a

minimum of 25,000 square feet. The purpose

of this threshold is to maximize economic

impact while insuring quality development.

This grant can significantly reduce the costs

associated w/ the rehabilitation of an income

producing structure by providing an incentive

of a minimum of $5.00 but up to $10.00 per

square foot based on $100 of value per

square foot (min. 5% up to 10%) for years 1-7

at City Council’s discretion. Funded through

City budget appropriation.

Development Incentive Grant (DIG)

established to help initiate quality new

projects within Downtown Monroe. This

grant targets investments made on vacant

land (infill development) or where

rehabilitation of an existing structure

requires extensive repair, structural or

otherwise, and replacement, acquisition

costs not applicable. This grant has a

minimum investment of $500,000.00. A

maximum grant amount up to 2% of the

total investment per project disbursed over

a seven (7) year period. Funded through


Mooresville

Façade Awning Grants: grants are

made on a 50-50 matching basis and

that the reimbursement can be only ½

of the expenses associated with the

awning project, up to a maximum of

$1,000.00 per awning, per address.

Funded from the MDC general budget.

Utility Connection Incentive:

properties located within the

Mooresville MSD, will be subject

to payment of “System

Development” fees only for utility

connections. “Utility availability”

fees will not apply to those

properties located in the MSD.

Application for the Utility

Connection Incentive must be

made by the property owner and

submitted to the Director of

Administration of Finance and

Town Manager for approval of the

Utility Connection Incentive. From

Town budget.

Redevelopment Incentive: To encourage

and/or promote infill growth & building

rehabilitation throughout the DT Area. Any

owner of a commercial building and/or

vacant property within MSD can apply.

Residential projects are eligible only in the

creation of upper floor units in an existing

commercial structure w/ a commercial use on

the street level; or as part of a new mixed-use

project with the residential component on

upper floors. Incentive is in the form of a cash

incentive grant based on the increase to the

appraised tax value of the property. A

minimum of $300K worth of investment is

required to qualify for the incentive. Over the

course of 2 yrs.after the project is completed,

the Town will grant the property owner a

cash incentive equal to 100% of the town

taxes paid for the first calendar year after the

investment is made and up to 70% of the

town taxes paid for the second calendar year

after the investment is made. Implemented

through the City. From Town budget

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Morehead CityFaçade Improvement Grant

Program: $1250 per façade, 1:3

match

Morganton

Façade Improvement Incentive

Grants & Loans: Up to $500 in

matching grants per façade for

painting/maintenance; up to $500

in matching grants per sign for

new and unique signage; up to

$2000 per facade for renovations.

All are at a 1:1 match. Awning

replacement is available as a 0%

interest loan up to $4,000. Funds

from city appropriation.

Burke Business Loan Program (county

wide) - designed to assist small

businesses in Burke County includes

working capital as an eligible use. At

least one permanent FT job must be

created for every $10K lent and applicant

must match loan $ for $.

Mount Airy Façade Grant Program-Funded

through MSD. Up to $3,000 per

grant at at 50% match.

New Bern

City of New Bern’s Façade

Improvement Program is designed to

provide an economic incentive for

owners and tenants of commercial

property within the New Bern Gateway

Renaissance area and potentially other

distressed areas of the City to

encourage improvement in the

appearance, restoration, or renovation

of structures through a public and

private partnership betw. the owner

and/or tenant and the city. Funding may

be provided through the City of New

Bern General Fund and/or the use of

grant funding. Up to $10,000 per

approved project at a 1:1 match

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Newton

Facade Improvement Grant

Program: matching fund grant

with a $1500 maximum per

project with a match of $1

awarded for every $3 spent on the

project. Funded through city

budget appropriation.

Downtown Business Development

Grant is a contract betw. the City and

a new or existing business where the

City would make a grant to the

business for a period of up to 5 yrs

based on the amount of new capital

investment. The grant is calculated

and based upon the actual net

increase in taxable property value

and the corresponding additional tax

revenue collected by the City. . A

minimum investment creating a net

taxable property value of $50,000 is

required to be eligible for grant

funds.

North

Wilkesboro

Town of North Wilkesboro on a

60-40 basis will pay 1/2 of the cost

of exterior, approved

improvements not to exceed

$2000 for the first 30 linear feet of

a building and $50 per additional

linear foot not to exceed $4000.

Oxford

Rental Assistance Program

provides a monthly payment of

between $50 and $500 to the

business owner up to six (6)

months. The amount determined

by our Exec. Committee will

consider the category of need,

location, term of lease, employee

count, and factors such as cash

flow anticipated in the business

plan. Commitment to a multi-year

lease is considered in the

applicant’s favor as to the level of

assistance awarded.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Raleigh

Downtown and Pedestrian

Business Overlay District Façade

Grants: Through the City of

Raleigh, grant rebates of up to

$5,000 or 50 percent of exterior

rehabilitation costs (whichever is

less) are available for buildings in

other areas of Downtown or in

one of the Pedestrian Business

Overlay Districts for which

streetscape guidelines have

developed (such as Glenwood

South). Review and approval of

proposed rehabilitation projects

are based upon the design

guidelines or streetscape plans for

the area in which the project is

located. Property owners or

business tenants in the Downtown

or one of the Pedestrian Business

Overlay Districts may apply.

Tenant applications must have the

building owner’s written

approval. All applications must be

submitted for approval prior to

the beginning of construction.

Downtown Raleigh Loan Pool

Program: A program of the Raleigh

Economic Development Partnership

set up by Raleigh City Council with

the goal of focusing private

investment to complement the

City's capital investment in

downtown Raleigh. Loans of up to

$50,000 to qualified business

owners.

Reidsville

Facade Grant Program: All eligible

improvements must be part of a

comprehensive facade

improvement. For example, a

grant will not be awarded for just

windows when the rest of the

facade needs improvement.

Covers a broad range of possible

façade improvements including

lighting, signage, awnings. The

formula for funding of projects is

50% of the initial $10,000 plus

20% of additional cost up to

$30,000 with a maximum $9,000

per grant. Reimbursement grant,

from MSD funds.

Building Renovation Grant--To

provide property owners an

economic incentive to undertake

careful renovation and restoration

projects. The program encourages

good rehab projects that respect

the architectural integrity and

unique historic character of the

building. Reimbursement based,

50/50 match grant with a

maximum grant amount of

$5,000. From MSD funds.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Roanoke Rapids

Façade Improvement Matching

Grant Program: Qualifying

projects are eligible for a grant of

up to $1,000 per façade on a 50%

(RABA) / 50% (Applicant) matching

basis as funds are available.

Funded organization's general

fundraising activities.

Rocky MountDowntown Building Assistance Program-

City funds made available to match

private investment in exterior and

interior building improvements within the

Central City Business District.

Reimbursement based, awarded on a

50:50 matching basis up to $20,000.

Development Incentive Grant: Covers

substantial rehabilitation of older

buildings and new infill development

within a specific downtown area. The tax

rebate incentive is available over 5 years

, representing a percentage of the

difference of the parcel's (s') improved

assessed value and previous,

unimproved assessed value. The

incentive grants are given with a

formula as follows: Year 1: 100%, Year 2:

80%, year 3: 60%, Year 4: 40% and yer 5:

20%.

Roxboro Up to $2000 for a single facade.

requires at least a 1:1 match, can

include improvements on the side

of a builiding and includes sign and

awning replacement. If a structure

has more than 1 façade, up to

$4000. Funded through RDG

budget and proceeds from Alive

after Five.

Revolving Loan Fund: From $5K to

$30K, no longer than 60 month

term, fixed rate for the life of the

loan. Interest rate determined at

the time of application approval

and are based on predetermined

criteria. Covers renovation or

remodeling of commercial buildings

in the City of Roxboro or

landscaping improvements or

buffer zones. Funded through City

economic development and

revitalization funds.

Mural Grant: up to $500 at a

1:1 match. Funded through

RDG budget and proceeds from

Alive after Five.

Rutherfordton

Currently suspended-usually up to

$1000, at a 1:1 match. Will do the

side of a building sometimes

depending on what needs to be

done.

Salisbury

1/23/2015


Contact


919.571.4900




Loan Funds

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Sanford

incentives for exterior

improvements and life & safety

interior improvements for non-

residential buildings, 1:1 match

with awards up to $5K

Architectural Design Services Grant

available to encourage good design that

meets current building code long before a

project begins. It can either be used to

capitalize on the rehabilitation of existing

properties and/or the introduction of

new building design that is appropriate to

the historic character of Downtown

Sanford. Grants must be matched with

private dollars at least on a 1:1 basis, with

the maximum grant eligible for each

applicant $2500.

Selma

Selma Commercial Redevelopment

District (SCRD). Town freezes the tax

value on improvements of properties

within the district for five years including

new construction,

redevelopment/rehabilitation of existing

properties

ShelbyFaçade Improvement Grant: 1:1

match. Will pay 50% of allowable

costs up to a total of $2,500 from

our funds, approval subject to

design review and application to

design committee. Funded

primarily through MSD funds, City

Grant in Aid and other funds

raised by USA, Inc.

Incentive For Growth: New

business incentive with monthly

payment of between $50 and

$200 to new businesses for 12

months, based upon application

and business plan with financial

projections. Varying amount

reflects location and type of

business—retail at key street level

site would push the $200 level,

service business on second story

would fall back to a lower level.

Funded primarily through MSD

funds, City Grant in Aid and other

funds raised by USA, Inc.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Smithfield

Façade grant program. Standard

1:1 match.

Retail & Restaurant Rental Upfit

Subsidy Help (R2RUSH): The Rent

Subsidy is available to qualified retail

or restaurant businesses locating in

designated DT locations would be

eligible for: Up to $2.00 per sq. ft.

leased/purchased for retail use for a

12 mo. period; or up to $4.00 per sq.

ft. leased/purchased for restaurant

use for a 12 mo. period. From MSD

Funds. The Upfit

Assistance is available to qualified

retail or restaurant businesses

locating in designated DT locations

would be eligible for: Up to $1.50 per

sq. ft. leased/purchased for retail use

for a 12 mo. period; or up to $3.00 per

sq. ft. leased/purchased for

restaurant use for a 12 mo. period.

Property owners will be required to

accept Restrictive Covenants on their

properties requiring the lease rate

offered to the restaurant/retail

tenant and the use of the space for

retail/restaurant to be maintained for

3 yrs.

Downtown Residential Incentive Fund

(DRIF)-Is a catalyst for residential

development in the DT area. Loan

guarantee that would become a grant if

used to cover the construction interest

for new DT dwelling units after

completion until the time of sale or lease,

up to one year. Projects would qualify

for grants of up to $5000 per unit or 4%

of the construction loan, times the

number of units in the development.

From MSD funds.

Smithfield Historic Area Revitalization

Plan (S.H.A.R.P.) encourages the

rehabilitation of older buildings and/or

promotes infill growth with new

commercial development in DT

Smithfield Municipal Service/Historic

District. The Developer pays full amount

of newly appraised tax value of property

annually and Johnston County,

Smithfield, and Downtown Smithfield

Development Corporation “grants”

property owner of amount paid, minus

the original tax value payment before

the renovation/construction began. 5

yrs. is the proposed grant time period.

On 6th yr., developer will pay full

amount of the newly appraised tax value

of the property without grant. The

funds for the grant are received from the

tax collected annually

Southport

Sparta

Spruce Pine

Facade grant matched on a 1:1

basis up to $2,000. Funded

through Town budget

appropriation.

Statesville

Façade Incentive Grant Program:

Reimburses up to $2000 on a

façade improvement project with

a 1:1 match. Awnings are eligible

as long as signage is not incl. on

the awning and the maximum

award amount for a new awning is

35% of the lowest estimate and

25% for a replacement awning.

Sylva no incentive programs in place.



1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Tarboro Funded through Town of Tarboro

general appropriation, up to

$2000 per façade on a 1:1 match,

reimbursement basis.

Valdese currently revising façade grant

program.

Wadesboro

Facade Grant Program: Small

grants (pays 1/3 of cost up to

$1000) to to promote storefront

renovation and restoration of

commercial buildings in Uptown

Wadesboro with the purpose of

encouraging good design projects

and workmanship, preserving

Uptown Wadesboro's unique

historic character and attracting

new businesses to Uptown

Wadesboro. Funded through

donations/sponsorships to UWI

Interior Renovation Grants are

issued for 100% of the actual

project cost with a maximum

$500.00 per project as determined

by the UWI Board of Directors and

are may only be used to finance

interior improvements. Generally

used for small improvements such

as painting interior for a new

tenant. Funded through

donations/sponsorships to UWI

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Wake Forest

The Façade Improvement Grant

Program is available to existing

business and/or building owners

that are located in the

Renaissance Area - Historic Core

zoning district as designated by

the town. Requires design

assistance from the Wake Forest

DRC Design and Appearance Task

Force and may require assistance

from historic design specialists.

Provides a 50% reimbursement up

to $7,500

for items such as lighting and

masonry, storefronts, windows

(when appropriate), and awnings.

Funded through MSD funds as

allocated by town-currently $15K

a year. Urgent Maintenance

Grants: Limited to urgently

needed maintenance on buildings

for items such as painting, repairs

to light fixtures, doors, cornices,

and other trim. Provides a 50%

reimbursement up to $750.

Property owners are limited

to one maintenance grant per

tenant.

Special Projects Grants: primarily for

economic development/recruitment to

fill a void in the downtown mix or to

encourage conversion of unused upper

story space to dwellings or offices.

Provides up to 50% reimbursement of

hard costs up to a maximum match of

$7,500. Support is limited to a maximum

of $15,000 over three years.

Decorative Lighting Program: From

Façade Improvement Grant funds,

WFRDC will provide 50% of the cost of

the Decoreative LED Lighting System

including installation expenses.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Warrenton

Warrenton Downtown Redevelopment

Incentive Grant: The objective of WDRIG

is to provide property owners and

individuals with an incentive for long-

term investment while improving of the

economic viability and appearance of

Warrenton’s Downtown District. Based

on the appraised tax value of site or

building is determined before any

construction begin and the appraised tax

value of site or building is determined

after construction is completed upon the

issuance of a certificate of occupancy.

Grant amount is the difference between

the pre-construction tax value and the

post-construction tax value as

determined by the Warren County Tax

Administrator. Owner pays full amount of

newly appraised tax value of property. e)

The Town of Warrenton provides grant

incentive to property owner with five (5)

concurrent tax years is the applicable

time period for grant incentive. Grant

disbursed as follows: Year 1 – 100%; Year

2 – 100%; Year 3 - 75%; Year 4 - 50%;

Year 5 – 25%.

Washington

Façade Improvement Grant

provides an economic incentive to

renovate store facades and

properties in the revitalization

program area; encourage good

design projects which capitalize on

the rehabilitation of existing

properties paired with the

introduction of compatible new

design and preserve the unique

character of downtown

Washington. Grants are given on

a basis of $1 reimbursement for

each $1 total owner/tenant

expenditure (100%) with a

maximum CITY participation of

$2,000.00 per facade project.

Administered and funded by the

city.

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Waxhaw

Façade Improvement Program: is

a matching grant program of up to

50% of the cost of rehabilitation

funded by the Town of Waxhaw

each budget year to assist

downtown businessowners and

property owners in renovating the

exterior of their buildings.

Waynesville

West Jefferson

Reimbursement based- up to

$1,000 with required match.

Design must be pre-approved.

Funded through Town budget

appropriation.

Williamston

Facade Grant Program:

administered thru design

committee of Williamston

Downtown, INC (501c3). Funded

through Town appropriation

annually.

Investment Incentive Program: is

available to projects that locate in

downtown Williamston. A program for

large projects (above $100,000) that

eases the tax burden years 1 to 5 on

investment over initial tax valuation of

property. Through town budget.

Wilmington

Building Improvement Loan Fund:

To encourage the development of

commercial and residential uses in

the CBD, Loans are offered at fixed

interest rates of ¾ prime amortized

over 20-30 years. Each loan has a

five, seven, or ten year call. The

lower interest rates and longer

terms will reduce the owner's

monthly debt service and will

enable an owner to offer the units

for monthly rents affordable to

more people. This program

provides low-interest fixed loans at

¾ the prime rate amortized for a

term of up to twenty (20) years

with a balloon payment in five (5)

to ten (10) years.

Operating Financing Program; Loans for

inventory, furniture, fixtures (including

signage) and equipment are eligible for

this program; up to $2K for inventory

and up to $5K for furniture, fixtures and

equipment at ¾ prime interest rate.


1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




Wilson Facade Matching Grant Program-

Awards of up to $10,000 dollars to

enhance building exteriors.

Requires a 50% match. $1,000

minimum project investment.

From MSD funds.

Downtown Loan Pool-$2 Million

Loan Pool available at prime to

point below prime for real estate

purchases, building renovations and

equipment purchase. Established

via a partnership between WDDC

and area banks.

Owner Occupied Building Grant-

can receive up to $8,400 to help

with the purchase price. Rent

Incentive Grant Awards-up to

$8,400 to attract pedestrian-

oriented businesses. Extensions

for both programs potentially

available. Both funded through

MSD.

Architectural Assistance Program: For

buildings w/in the MSD. All accepted

participants will receive design services

from one of the WDDC's architects with a

value of up to $1,000. The purpose of

the grant is to provide business and

commercial property owners' design

guidance when considering renovation a

building's facade. Funded through MSD.

Windsor

Façade Program: Will pay up to

$2,000 at a 1:2 (City paying $2 for

evey $1 spent). Includes roof

repair. Funded through town

budget appropriation.

Winston-Salem

Building Rehabilitation Program

(formerly Façade Improvement

Program): Deferred payment

loans up to $10,000 per

building. Loan repayment

deferred for 5 years. At the end

of 5 years, balance forgiven in

full if the property has been

maintained.

Restaurant

Development/Recruitment Loans:

Working with local banks, City of

Winston-Salem will be able to

provide a subordinated loan equal

to 37.5% of a project cost, up to

$150,000 per applicant subject to

the applicant and participating

lender providing 62.5% percent of

the project cost. Interest rates are 3-

5 percent; term up to 15 years.

Loan repayments deferred for 2

years. Program now closed but

great example.

Downtown Winston-Salem Foundation is

the Partnership's charitable arm. The

Foundation is a 501-c(3) nonprofit

organization is the home of the Meade

Willis Revolving Loan Fund, which

provides assistance to those wishing to

open a business downtown.

Statewide

NCDDA-for members of

NCDDA. NCDDA will provide

the necessary guidance to

establish/re-establish the

program – spending two days

in each town. NCDDA will

provide conceptual design

assistance for up to 3 buildings.

NCDDA will provide the

following financial assistance:

For Towns with no recent

history with a façade grant

program, NCDDA will grant

$3,500 to seed program with a

required match from the

Community of $1,500. For

Towns that may have a

program that has become non-

active for any reason, NCDDA

will grant $2,500 to seed

program with a required match

from the Community of $2,500.

A federal income tax credit for the

rehabilitation of historic structures first

appeared in 1976 and today consists of a

20% credit for the qualifying

rehabilitation of income-producing

historic properties. *

Since 1998 North Carolina has provided

a 20% state tax credit for those

taxpayers who receive the federal credit,

providing investors with a combined

40% credit against eligible project costs.

In addition, the state provides a 30%

credit for the rehabilitation of

nonincome-producing historic

properties, including private residences.

*

1/23/2015


Contact


919.571.4900




Loan Funds

Rental or Business




*The Restoration Branch of the State Historic Preservation Office reviews and provides technical assistance to all

preservation tax credit projects, both state and federal. For copies of tax credit applications and instructions, contact

either 919-807-6585 or 919-807-6574.

1/23/2015


Contact


919.571.4900


Other Incentive

Vision Incentives Program: Series

of financial programs designed to

assist developers in achieving

positive pro-forma on projects

such as new housing, retail and

office development. Funded


Marketing Assistance Grants 1.

Business Plan Development – The

Downtown Coord. may assist the

business w/ the development of a

proper business plan. Technical

Assistance, no funds provided. 2.

Building Signage – A 1:1 matching

grant up to $350 may be allocated for

the design or development of new or

additional building signage. 3.

Marketing Plan Development &

Implementation–The Downtown

Coord. may assist the business owner

w/ the development &

implementation of a marketing plan.

This may include logo development,

advertising, branding and/or website

design. A 1:1 matching grant up to

$1,000 per business may be used for

this program.

1/23/2015


Contact


919.571.4900