Development Programs

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 commercial properties opening or expanding in Downtown. Funds can be used for permanent improvements to the building such as plumbing, wiring, air conditioning and other items. For more information, please contact the DGI office at 336.379.0060.

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.

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.

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.