The Buncombe County Tourism Development Authority’s Tourism Product Development Fund (TPDF) is designed 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: 05/07/2025
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
Projects 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. The TPDF is made possible solely through lodging taxes paid by overnight visitors staying in hotels, vacation rentals, and bed and breakfasts in Buncombe County.
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.
Eligibility Criteria
- Applicant Eligibility
- 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.
- 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.
For more information, visit BCTDA.
