Loan Funds Assistance Program Signage Grants

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1 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Albemarle Façade Improvement Grant: 50% Matching Funds up to $1, 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 $ 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. Downtown Benson New Business The Program serves to provide lower Start-Up Incentive Grant: $1,500 as a interest rates and more flexible 1:1 match per grant. The goal of this borrowing terms to downtown grant is to encourage new business investors, in order to meet the specific start-up without the need to establish economic needs of downtown projects. another loan. Downtown Benson The RLF is intended to offer financing New Business Rental Assistance at less than market interest rates to Grant: Grant amounts shall be 25% of make it more financially feasible for the rental price for a period of 12 owners or developers to renovate months. The maximum contribution buildings. Lower interest rates and will be established by an annual longer terms will reduce the owner s market assessment of downtown monthly debt service and will enable rental properties but in no case shall the owner to offer the units for the contribution exceed $300 per monthly rents affordable to more month. Must submit a grant people. Funded through USDA Rural application along with a copy of the Development Grant 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 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.

2 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 $ 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 $ 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..

3 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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.

4 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 Davidson 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 $ 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. no incentive programs in place. 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. 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.

5 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Durham Eden Edenton 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. Façade Grant program-$500 maximum award, 1:1 match required. Funds are from appropriation from the Eden City Council. 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 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. 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.

6 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 $ and the maximum project funded will be $ , with respective matches of $ and $ 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 Franklin 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 , pot was $25,000. no incentive programs in place. 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

7 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Fuquay-Varina Façade 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.

8 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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. Greensboro The 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.

9 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Greenville Henderson 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. no incentive programs in place. 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. 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.

10 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Hickory Jacksonville 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. 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, after the work has been completed. 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.

11 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 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.

12 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 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 City of Lincolnton established its front façade of buildings more than Redevelopment Incentive Grant to to 50 years old. Side facades are eligible encourage and promote infill on corner buildings and buildings development and the major where the side façade is clearly visible rehabilitation of older buildings in from a public right-of-way as the downtown Lincolnton. It is a formula result of a missing building or change grant that reimburses the developer in building setback. (If a building has for the net gain in property tax value more than one eligible facade, each for the project. The private developer façade is considered separately. See pays all up-front development costs Example) Rear facades are ineligible then is paid a cash grant based on the to receive grant funds. Funded from amount of tax revenue generated by city budget. 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

13 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Lumberton City of Lumberton committs $25K per year and will pay will pay onehalf (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 Mocksville 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 Historic Marion Grant: For product. The express loan gives a Downtown Historic District. 50/50 chance to small business owners matching façade grant up to that aren t quite ready for a larger $5,000. Funded through City of business loan or who need to build Marion. their credit. Façade Grant program. Funded through City General Funds. $5,000 fund. Up to $1,000 with a 50/50 match. $ /50 match Funded with MBA membership funds Historic District Façade Grant - $5, 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

14 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 through City budget appropriation. 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 multibuilding 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, A maximum grant amount up to 2% of the total investment per project disbursed over a seven (7) year period. Funded through City budget appropriation. Mooresville Façade Awning Grants: grants are made on a matching basis and that the reimbursement can be only ½ of the expenses associated with the awning project, up to a maximum of $1, 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

15 City Morehead City Morganton Façade Grant Program Façade Improvement Grant Program: $1250 per façade, 1:3 match 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. Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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

16 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive 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 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.

17 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Raleigh Reidsville 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. 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. 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. 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.

18 City Roanoke Rapids Façade Grant Program 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. Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Rocky Mount 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 Downtown Building Assistance Program- difference of the parcel's (s') improved City funds made available to match assessed value and previous, private investment in exterior and unimproved assessed value. The interior building improvements within the incentive grants are given with a Central City Business District. formula as follows: Year 1: 100%, Year 2: Reimbursement based, awarded on a 80%, year 3: 60%, Year 4: 40% and yer 5: 50:50 matching basis up to $20, %. Roxboro 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 Up to $2000 for a single facade. the time of application approval requires at least a 1:1 match, can and are based on predetermined include improvements on the side criteria. Covers renovation or of a builiding and includes sign and remodeling of commercial buildings awning replacement. If a structure in the City of Roxboro or has more than 1 façade, up to landscaping improvements or $4000. Funded through RDG buffer zones. Funded through City budget and proceeds from Alive economic development and after Five. revitalization funds. Mural Grant: up to $500 at a 1:1 match. Funded through RDG budget and proceeds from Alive after Five. Rutherfordton Salisbury 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.

19 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Sanford incentives for exterior improvements and life & safety interior improvements for nonresidential 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 Shelby Façade 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.

20 City Façade Grant Program Revolving or Special Redevelopment Rental Incentives or Business for Downtown Including MS, STMS and Interior Other NC Rehabilitation Communities Loan Funds Assistance Program Signage Grants Grants Other Incentive Other Incentive Smithfield Southport Sparta Façade grant program. Standard 1:1 match. Retail & Restaurant Rental Upfit Subsidy Help (R 2 RUSH): 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. no incentive programs in place. no incentive programs in place. 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 Spruce Pine Facade grant matched on a 1:1 basis up to $2,000. Funded through Town budget appropriation. Statesville Sylva 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. no incentive programs in place.