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The Downtown Raleigh Alliance updated its Storefront Upfit Grant requirements in an effort to revitalize and expand on downtown businesses.
Fayetteville Street was selected as a priority area, which means that businesses located in the defined radius will be able to apply for increased funding amounts of up to $15,000. The upfit reimbursements cover standup expenses like furniture, signage, and displays.
- Retail, restaurant, service, and pop-up businesses located in the priority area are eligible for up to $15,000.
- Storefront businesses that are over 50% minority- or women-owned are eligible for an additional $2,500.
- Retail businesses in the larger downtown area (outside of the Fayetteville Street area) are eligible for up to $7,500.
As of Feb. 1, there is $57,500 in remaining funding available for the fiscal year, ending in June 2023. The next application deadline is March 1. But first, you’ll have to submit an interest form.