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Explore Raleigh's Building Up-fit Grant Program
Exciting news for small business owners in Raleigh! The city has just opened its fourth and final application window for the 2024-2025 Building Up-fit Grant program, a fantastic opportunity for anyone looking to enhance their commercial spaces. From April 3 until April 27, local entrepreneurs can apply for this matching reimbursement initiative designed to stimulate job creation and economic development within Raleigh's limits.
What You Need to Know About Eligibility
To qualify for the Building Up-fit Grant, small business owners must have 49 or fewer employees and occupy the commercial space they wish to upgrade. This program isn't just for businesses in general; it specifically caters to those making substantial interior improvements—think transforming outdated spaces into vibrant, functional areas. So whether you're converting a vacant building into an office or reimagining an old warehouse as a restaurant, this grant might just be your answer.
A Match Made in Improvement
The city will match up to 50 percent of your qualified construction costs, which can cover a range of projects like HVAC upgrades, plumbing, and structural modifications aimed at enhancing accessibility and energy efficiency. However, keep in mind that the initiative does not support simple redecorating or equipment replacements, ensuring that only projects that significantly increase property value receive backing.
Maximizing Your Grant Opportunities
For those eyeing multiple improvements, note that you can only secure two grants per property within a calendar year. Even if you’ve faced funding denial in the past, don't be discouraged—you are still eligible to reapply. Additionally, projects located in the designated Priority Areas for Economic Development may benefit from enhanced funding terms, so it pays to be aware of your location's status.
Get Started Now
Full eligibility requirements and application details are available on the City of Raleigh’s website. If you’re a small business owner eager to enhance your space and uplift your community, don’t miss out on this opportunity. Review the program resources and prepare your application today to take that next step toward transforming your business!
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