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"Make no little plans. They have not magic to stir men's blood. Make big plans; aim high in hop and work."
- Daniel Burnham
Incentive Programs darren
With the help of DGDC, the City of Goldsboro, the State of North Carolina and the federal government, there are many financial resources available to assist in building and property improvements. Explore those most commonly used here.
The Build A Better Downtown Incentive Program is a competitive grant, providing support for property improvement projects that will enhance the heart of our City. Grants are awarded in three distinct categories and match a percentage of the project investment.
If your proposed project fits one of the project descriptions below, the Build A Better Downtown Incentive Program could be right for you. This program includes three unique categories, all aimed at enhancing the overall appearance of downtown Goldsboro, while supporting economic development.
Building Rehabilitation Projects – projects transforming a building’s first or upper floor that has been severly underutilized due to a need for significant repairs.
Exterior Building Improvement Projects – projects that enhance a highly visible facade and improve the overall appearance of downtown.
Business Development Projects – projects supporting demonstrated business growth or sustainability for new or existing businesses .
Grants are awarded on a fund-available basis and at the discretion of the DGDC Board of Directors based on recommendations from the Grant Review Committee.
Funding is limited during each fiscal year (July 1 to June 30).
Factors for consideration include impact, strong need, potential for sustainability, suitability to category, availability of funds, etc..
Strong applications submitted early in the fiscal year are more likely to be funded.
Applicant must be a for-profit business and/or offer retail sales, generate sales and use tax revenue.
Any expenses incurred as part of the project prior to notification of award are not eligible for reimbursement.
All applicants must be willing to give a little sweat equity to their downtown. These efforts should equal 10 hours of service to downtown Goldsboro. A 10% retainage of grant/loan amount will be held until this commitment is met.