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 retail shops opening or expanding in Downtown. Funds can be used for permanent improvements to the building such as plumbing, wiring, air conditioning and other items.
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. For more information, please contact the DGI office at 336.379.0060.
Note: Currently, the Catalyst Grant Program has exhausted its funding and it is not known at this time if this program will receive any new funding. If you have questions regarding these programs, please contact the DGI office.
Action Greensboro is pioneering a new method of community development by way of a micro-grant program, titled Spark Fund! The fund aims to support unexpected, fun and exciting projects in downtown Greensboro with an effort to create buzz and community involvement.
Recognizing that big ideas do not need a lot of money to get off the ground, Action Greensboro will make quarterly grants to individuals, businesses or non-profits looking to launch new projects that will improve downtown and make it a better place to live, work and play.
Action Greensboro and Downtown Greensboro will be official partners in the 2017 Spark Grant Cycle. 2017 grants will be due in January and July 2017.
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.
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.
Downtown Job Creation Parking and Transit assistance Incentive
The City may provide one year of free parking or Greensboro Transit Authority (GTA) passes for each new full-time job created in the Central Business District. The award is contingent upon parking garage availability and the jobs paying above the Guilford County median income level.
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.