Rural Downtown Economic Development Grants
The Rural Downtown Economic Development Grants, administered by the North Carolina Department of Commerce’s Rural Economic Development Division, support downtown revitalization and economic development initiatives in North Carolina’s Tier 1 and Tier 2 counties, and rural census tracts in Tier 3 counties. The grants aim to help local governments enhance downtown districts as economic assets, improve public infrastructure, support public building renovations, and promote mixed-use development. Grants can be up to $850,000 per grantee, with no minimum amount, and must be matched with at least 5 percent local funds. The application deadline is August 22, 2024, and projects must be completed within 36 months of the award.
Award Range
Not specified - $850,000
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
Yes - 5 percent
Additional Details
Grants are assessed based on project location, community-wide use, and anticipated economic impact. The cash match must come from local resources and cannot be derived from other state or federal grants.
Eligible Applicants
Additional Requirements
Eligible projects must be located in downtown or central business districts in the specified counties and tracts. Projects must involve publicly owned infrastructure or buildings. Eligible applicants are units of local government located in Tier 1 or Tier 2 counties, and rural census tracts in Tier 3 counties. For the purposes of this program, units of local government are defined as municipal or county governments within the state of North Carolina.
Geographic Eligibility
All
Application Opens
Not specified
Application Closes
August 22, 2024
Grantor
Lisa Rueh
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