Downtown Greensboro Incorporated directs a number of programs and initiatives to help attract investment. In addition, we commission studies and track data that can be helpful in making investment decisions and keep up with local ordinances that can impact development. The organization also implements programs designed to enhance the quality of life for workers, residents and visitors.
CATALYST GRANT PROGRAM
DGI has a grant program that can award up to $25,000 in matching funds for commercial properties opening or expanding in Downtown. Funds can be used for permanent improvements to the building such as plumbing, wiring, air conditioning and other items. Download the Catalyst Grant Application.
FACADE IMPROVEMENT PROGRAM
DGI can provide up to $5,000 to improve the exterior of a building. A simple application must be submitted prior to construction to qualify for funds. Download the Facade Grant Application.
SPARK GRANT PROGRAM
DGI is interested in supporting unexpected, fun and exciting projects in Downtown Greensboro that create buzz, community involvement and vitality. Sometimes big ideas do not need a lot of money to get off the ground. Nor do they need a lot of time to plan and complete. However, these smaller types of activities can often help to improve a neighborhood and make it a better place to live, work and play. How can you help to improve downtown and make it a better place to live, work and play? Allow us to spark your idea into action! Download the Spark Grant Application.
Greensboro community development fund
The Greensboro Community Development Fund (GCDF) is a certified Community Development Financial Institution that provides financial assistance to small business underserved by traditional financial institutions. The GCDF provides clients with training and technical assistance to support development and offers loans, subordinated debt, and equity investments often ranging from $10,000-$25,000. www.gcdfonline.org
URBAN DEVELOPMENT INVESTMENT GUIDELINES
High quality development and redevelopment projects in downtown that exceed $1,500,000 in investment may be eligible for consideration of funding assistance provided they are consistent with the City’s development goals and exhibit a demonstrated need for public participation. To determine eligibility for City Council consideration, applicant projects will be scored on how well they meet criteria related to promoting reinvestment, preservation, diversification, and intensification of activity that reinforces downtown’s importance as the economic, cultural, and civic center of the City. Find out more information here.
HISTORIC TAX CREDITS
For more information on federal and state historic preservation tax credits, contact the State Historic Preservation Office in Raleigh at 919-807-6590.
CENTRAL BUSINESS DISTRICT
Guilford County will support high impact projects that can redefine, reinvigorate or redevelop these downtown areas.
BANKS AND OTHER FINANCIAL INSTITUTIONS
Many local banks and credit unions offer small business loans and assistance on how to best utilize your personal assets. Many also work directly with the Small Business Administration (SBA). Please contact your local banker for assistance and guidance. DGI works closely with several institutions with business lending capabilities. Contact us for a list of preferred banks.