North Carolina Business and Commerce Grants

The Community Foundation of Greater Greensboro is accepting applications for its Economic Mobility Grant Program. Donor Name: Community Foundation of Greater Greensboro State: North Carolina County: Guilford County (NC) Type of Grant: Grant Deadline:  05/15/2024 Size of the Grant: Not Available Grant Duration: Grant Duration Not Mentioned Details: For residents to become economically mobile, they must have a strong economic foundation. With that, the Community Foundation is committed to funding organization’s whose work encompasses the following: Workforce Development and Education Small Business and Entrepreneurship Access to Workforce Housing Eligibility and Requirements Applicant must be a 501(c)(3) nonprofit organization located in or serving Guilford County. Grants are not awarded to organizations with outstanding grant reports due. Grants are not awarded to individuals. As we work to prioritize equity in grantmaking process, board and staff diversity along with total operating budget will be considered by staff and respective grantmaking committees; all applications will be reviewed regardless of budget size. Typically, multi-year grant applications are not considered. Typically, public schools or other public agencies will not receive grants, although they may be involved as partners in funded efforts. Priority is given to grant proposals that focus on long-term strategies to advance and sustain economic mobility in Guilford County. For more information, visit Community Foundation of Greater Greensboro.

Applications are now being accepted for the 2024-2025 Haywood County Tourism Development Authority Grant. Donor Name: Haywood County Tourism Development Authority State: North Carolina County: Haywood County (NC) Type of Grant: Grant Deadline: 05/15/2024 Size of the Grant: $1000 to $10,000 Grant Duration: 1 Year Details: Grant Categories  Legacy Event Sponsorship: This grant category provides financial support for established events in Haywood County that have a demonstrated track record of attracting visitors and contributing to the local tourism industry. These events must showcase the unique aspects of Haywood County and its communities. Tourism Promotion Grant: This grant category focuses on funding marketing and promotional initiatives specifically aimed at enhancing the overall tourism image, visibility, and visitation of Haywood County. These grants support innovative campaigns, advertising efforts, and promotional activities that effectively reach target markets and attract visitors to the area. Grant applications must be a minimum of $2,000 to be considered for funding. Grant Period The HCTDA grant program operates on a fiscal year basis from July 1, 2024 to June 30, 2025. Funding Criteria  This grant program is sustained by room tax revenue generated from overnight stays in Haywood County. Therefore, preference is given to applications for initiatives expected to attract visitors from outside a fifty (50) mile radius. These initiatives should demonstrate the potential to generate overnight stays and create economic and destination impact while also enhancing the quality of life for local residents. Eligibility Criteria  Legacy Event Sponsorship Eligible applicants include Haywood County non-profit organizations, for-profit businesses, museums, attractions, cultural events, governmental agencies, and other tourism-related entities. Tourism Promotion Grant Not-for-profit organizations, museums, attractions, governmental agencies, or other non-profit tourism entities. Not-for-profit organizations must have a minimum grant match of 50%. For-profit, tourism-based organizations may apply with a minimum grant match of 100%. For more information, visit HCTDA.

The Buncombe County Tourism Development Authority’s Tourism Product Development Fund (TPDF) was created to provide financial assistance through grants, loan guarantees, or pledges of debt service to major tourism capital projects that will increase patronage of lodging properties in, and further economic development in Buncombe County. Donor Name: Buncombe County Tourism Development Authority State: North Carolina County: Buncombe County (NC) Type of Grant: Grant Deadline: 05/15/2024 Size of the Grant: Not Available Grant Duration: Grant Duration Not Mentioned Details: Pojects receiving TPDF investment have not only created jobs and entrepreneurial opportunities for local residents, but they have also provided amenities that are enjoyed by residents and visitors alike. Policies The TPDF Committee may utilize a waiver of any non-legislatively mandated eligibility criteria to advance a project if it represents a significant impact upon lodging demand and Buncombe County economic sustainability. All projects must meet all eligibility criteria and requirements stated in legislation. Projects which either directly increase overnight lodging stays by themselves or support a larger initiative that will increase room nights will be evaluated equally. TPDF funds cannot be the first funds committed to a project. BCTDA reserves the right to cancel the grant application cycle at any time and for any reason. BCTDA reserves the right to award or deny grant funding to any project for any reason consistent with the intent of the legislation. Recognizing that its resources are limited, BCTDA may grant funding that is less than that requested by the applicant. BCTDA will not make payment directly to any vendor or individual. Payment will only be made to the applicant organization as reimbursement. If the grantee is unable to fund and/or complete the project, BCTDA may revoke all or part of the grant. The grantee may be forced to return some or all funding plus interest if the recipient is found to have used the funding inappropriately, if the project was not completed, or if the project scope or design was changed without approval of BCTDA. All applications are subject to the requirements regarding “public records” found in Chapter 132 of the North Carolina General Statutes. Submitted applications will be disclosed upon request. The applicant assumes the burden of all their expenses associated with this application. Uses of funds Funding must be for capital investments only (“brick and mortar” projects – design not included). Operational expenses will not be considered for funding. Design fees already expended will be considered as counting towards the 1-to-1 funding match. Project Eligibility Project must be principally located in Buncombe County. Project must be a major tourism capital project that furthers economic development of Buncombe County. Project must demonstrate ability to increase patronage of lodging facilities in Buncombe County by attracting tourists, business travelers, or both. Project must not solely benefit a single lodging owner, lodging property, or be situated on a lodging property. At time of application, applicant must have legal control of the property through recorded deed or long-term lease agreement. If property is owned by a municipal partner, such as the City or County, a non-profit organization may provide a letter of support or other agreement with the municipal partner. Applicant must show how a minimum of a 1-to-1 funding match to the requested grant amount (excluding in-kind goods and services) will be achieved. Eligibility Criteria Applicant must be a federally recognized non-profit organization or government entity. If the applicant is a non-profit organization, the organization must have been in operation for at least 2 years at the time of application Evaluation Criteria Application will be evaluated according to the following criteria: Viability of Project and Organization Financial Stability of the Requesting Organization Each applicant organization will be evaluated for financial sustainability, and their perceived ability to raise additional funds as needed to bring the project to completion. Strength of Business Planning If applicable, the proposed business plan for the project will be evaluated on its accuracy, completeness, and likelihood to support a successful and sustainable operation once the project has opened. Strength of Sales and Marketing Plan/Investment If applicable, sales and marketing plans for projects will be evaluated upon the likelihood they will succeed in drawing visitation to the destination. Timeliness of the Project Projects which are “shovel ready” may rate more highly than those which are still two or more years from beginning construction. 1-to-1 Funding Match Exceeded While it is a requirement for applying organizations to have secured a funding match equal to the amount for which they are applying from the TPDF, projects that exceed the 1-to-1 requirement may receive particular Destination Differentiator Strength of Brand Alignment Projects will be evaluated on whether they are consistent with the Asheville destination brand and provide additional support for the brand promise. Uniqueness and Innovation of Project Attractions and activities which are new to the region or not available to visitors living in key feeder markets for the destination may be valued more highly than those which duplicate offerings already available to visitors. Ability to Promote and Support the Local Creative Sector Projects which promote and support the community’s creators and makers, and which enhance the destination will receive greater consideration. Project Impact Ratio of Overnight Lodging Generated to Funding Requested The amount of TPDF funding requested will be analyzed versus the potential return of new overnight lodging demand in Buncombe County to be generated by the project. Generator of New and Incremental Room Nights The room night impact of a proposed project will be assessed on whether the project is drawing new visitors to the area, or simply pulling from existing visitors in Buncombe County while not increasing the number of new lodging room nights. Scope of Market to be Served Projects that target audiences capable of filling area lodging are valued, but projects that draw new and untapped niche markets to Buncombe County may also be worthy of consideration. Scope of Impact Upon Lodging The impact of a project upon Buncombe County lodging will be considered not only in terms of demand generated, but also in terms of the geographic impact. Projects capable of generating lodging demand in more than one area of the county may rate more favorably. Ability to Serve as a Contributing Asset Projects which support an important generator of destination room nights, or which could stimulate additional activity, but which may not generate significant room nights by themselves will be considered. Applicants should demonstrate the potential for additional community benefit if their project is built. Project as a True Motivator of Visits Projects will be evaluated based upon their ability to motivate new room nights, proven through sound analysis and data. Alignment with BCTDA’s Strategic Imperatives Deliver Balanced Recovery and Sustainable Growth Projects will be evaluated based upon whether they lead to balanced and sustainable growth through distribution of visitors geographically across the county or seasonally throughout the year or days of the week. Encourage Safe and Responsible Travel Projects which encourage care and respect for natural, cultural, and human resources, or support the sustainability of outdoor recreation, will be given greater consideration. Supports Engagement with and Appeal to More Diverse Audiences The committee will assess the ability of a project to diversify audiences and support of place making, community connections, and business opportunities throughout the county. For more information, visit BCTDA.

The purpose of the Rowan Chamber’s Small Business Assistance Grant pilot program is to strengthen and grow established businesses within the City of Salisbury. By making these grants available, the Chamber is fulfilling its mission of driving economic stability, diversity, and growth in our community. Accessibility to funding contributes to the strength and effectiveness of the entrepreneurial ecosystem which in turn supports and nurtures small businesses. The Chamber recognizes the value of entrepreneurism/small businesses who bring innovation, quality of life, jobs, and investment to the community. Businesses who receive funding through this program will be those who bring innovation and therefore have a unique competitive edge. They must be good corporate citizens and are encouraged to support their employees and other locally owned businesses. Applicants are not required to be Rowan Chamber investors (members) in order to participate. Since the funding is coming from the City of Salisbury, applicants must operate their business within the City of Salisbury limits. Since there are already a number of downtown business grants, this small business grant is designed to focus on priority corridors outside of downtown, for example: West End, South Main St. & West Innes St. Small business grant overview: Businesses located in City of Salisbury limits with 10 or fewer employees (or full time equivalent). They must be a legal entity and registered with the NC Secretary of State and have appropriate permits to operate. They must submit a quality business plan (FREE assistance available from RCCC Small Business Center) Grant funds may be used for a fixed asset utilized for the business or permanent improvements to physical space (examples: manufacturing equipment, lawnmower, vacuum cleaner, building signage, lighting, awnings, flooring) Grant funds may NOT be used for ongoing operational expenses (examples: rent, utilities, salaries, financing debt, inventory, memberships, legal fees) Grant requests may range from $5,000 – $10,000.

This funding opportunity provides financial support to state, regional, and local economic development organizations to create full-time jobs in economically distressed areas of North Carolina.

This funding opportunity supports local organizations in enhancing digital literacy and broadband access to drive economic growth and improve community quality of life.

The One North Carolina Small Business Program offers two grant opportunities for small businesses in the state. The Incentive Funds initiative provides reimbursement to qualified businesses for a portion of the costs incurred in preparing and submitting Phase I SBIR or STTR proposals to federal agencies. A pool of $400,000 is available for these preparation grants in the 2023-24 fiscal year. The Matching Funds portion of the program awards matching funds to businesses who have already received a federal Phase I SBIR or STTR award. In the current fiscal year, a pool of more than $2.4 million is available to support this class of grants. To apply for either the Incentive or Matching grant solicitations, interested organizations can visit commerce.nc.gov/grants-incentives/technology-funds/one-north-carolina-small-business-program. Applications will be accepted until June 30, 2024, or until funds have been exhausted for the program’s 2023-24 fiscal year funding cycle.