Downtown Raleigh Alliance offers this grant program to incentivize and attract new retail, restaurant and service businesses, aid in the expansion of existing retail businesses, direct support to strategic areas, accommodate pop-up uses that may convert to long-term tenants, better support minority and women-owned businesses, and ultimately drive a healthy and strong storefront economy in Downtown Raleigh.
The program is specifically intended to help new storefront businesses and expanding retail businesses with upfit and one-time standup expenses.
This funding opportunity offers reimbursement grants of up to $15,000, depending on location and business use. To support equitable growth for all in the downtown area, a Diverse Business Booster (DBE) of $2,500 is available for businesses with 50%-or-more ownership by individuals who identify as:
- Minority
- Female
- LGBTQ+
- Veteran
- A person with a disability
Now accepting applications for September 2023 funding review. The deadline to apply for the current round is Sept. 1.