Durham, NC Seeks Applicants for Retail and Professional Services Grant Program

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DURHAM, N.C. – Business owners interested in improving their prospects for doing business as retailers or providing professional services in downtown Durham should take note of another round of funding now available through the City of Durham.

The City’s Office of Economic and Workforce Development (OEWD) is now accepting applications for the Retail and Professional Services Grant Program, formerly known as the Merchandise-Based Incentive Grant Program. OEWD’s Retail and Professional Services Grant, specifically targeted for the Downtown Development Tier, will provide economic development incentives to eligible projects that support the creation, retention, or expansion of businesses within this tier.

In order to be eligible for this grant, the project property must be a street-level retail business, restaurant, or a certain professional or personal services business including, but not limited to, law firms, architectural firms, financial services firms, childcare centers, or beauty salons. The applicant must be the owner of the property or have a fully signed lease and a letter of approval from the property owner supporting the proposed improvements. The business must be open at least five days a week, eight hours a day. Organizations that are not eligible to apply are religious organizations; government agencies or offices; businesses or private clubs that exclude minors as patrons; and residential projects.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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