Economic Recovery

Project Name Description Funding Phase Date Approved
Downtown Activation/Hospitality Support    
The Raleigh Downtown Activation grant will provide funding to Raleigh based organizations to put on special events and activations that enhance the overall cultural environment and supports the City’s economy. The grant process will be run through a partnership between the Downtown Raleigh Alliance (DRA) and Office of Emergency Management and Special Events.  $200,000    
Phase I    
July 6, 2021
Downtown Economic Development Study The Downtown Economic Development Study will focus on key areas of Fayetteville St. to determine optimal retail strategy and office market positioning, and catalytic opportunities to support diversity and equity initiatives. $250,000 Phase I    
July 6, 2021
Small Business Support    
In partnership with the Carolina Small Business Development, Oak City Biz Labs is established as a response to help small businesses within the City of Raleigh that have been adversely impacted by the COVID-19 pandemic.    
$5,000,000     Phase II Sept. 21, 2021
Outdoor Seating Initiative     Raleigh is constructing “streeteries” in City rights-of-way, where patrons can enjoy their meals outdoors as a precaution against COVID-19. This will convert public spaces into vibrant community spaces.     $500,000     Phase II Sept. 21, 2021
Raleigh Main Street Program     Raleigh will provide funding to a Main Street Incubator Program to diversify and provide greater opportunities for entrepreneurs of color.      $584,965 Phase II    Oct. 19, 2021

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