The City of Raleigh’s Building Up-fit Grant encourages growth and development by assisting property owners who want to activate their vacant or underutilized commercial building space in Raleigh to create new business use or new jobs.
Donor Name: City of Raleigh
State: North Carolina
City: Raleigh
Type of Grant: Grant | Matching Grants | Reimbursement
Deadline: 10/13/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
This matching reimbursement program helps small business owners invest in property improvements, by matching up to 50 percent of the qualified construction costs.
The Building Up-fit Grant is for commercial property improvement projects. The projects must create a new business use and/or add value to a decayed, empty, or underused commercial building. The Building Up-fit Grant is for small businesses to increase economic development, tax base expansion, and job creation.
Types of Interior Improvements
Projects that focus on the building’s interior are covered by the Building Up-fit Grant. Capital improvements that are associated with a change in use like new:
- HVAC
- Electrical
- Lighting
- Plumbing
- Structural
- Interior construction
- Flooring
- Restrooms
- Accessibility and energy-efficient upgrades
- Other applicable code requirements.
Eligibility Criteria
The grant is for small business owners with 49 employees or less. The business must be located within the city limits of Raleigh. The grant is for business owners to improve their space in a manner consistent with City policy objectives.
For more information, visit City of Raleigh.
