Economic Recovery

Project Name Description  Amount  Important/Effective Dates Performance Report
Downtown Activation EventsFunding to Raleigh-based organizations to put on special events and activations that enhance the overall cultural environment and support the City's economy. The project is managed by Special Events in conjunction with Downtown Raleigh Alliance (DRA).$124,192July 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 July 6, 2021  
Small Business Support     In partnership with the Carolina Small Business Development, Oak City Biz Labs was established as a response to help small businesses within the City of Raleigh that have been adversely impacted by the COVID-19 pandemic.   $2,771,225 September 21, 2021  
Hotel Industry WorkforceProgram is administered by Capital Area Workforce Development to assist hospitality industry with recruiting staff, training, and preparing current workers for new roles. The City is providing 50 percent funding in partnership with Wake County.$437,500 May 17, 2022 
Outdoor Seating Initiative  Funding provided to local businesses to construct ‘streeteries’ in City rights-of-way, where patrons can enjoy meals outdoors as a precaution against COVID-19.$500,000Sept. 21, 2021 
DRA Social Service AmbassadorThe ambassador is responsible for circulating through the downtown district and identifying people in need of services. Referrals are made to the appropriate resources and outcomes are tracked.$168,406Aug. 17, 2021 - July 1, 2023 
Business Alliance FundingThe City will fund ideas submitted by business alliances to help with the creation of new resources and tools for the businesses and communities they serve.$500,000Oct. 4, 2022 
RCCC ImprovementsFunding will be used for new digital signage at the Raleigh Convention Center.$250,000July 6, 2021 
City Plaza ImprovementsFunding will support sound system upgrades and shade structures at the City Plaza. Remaining funds will be used for Fayetteville Street streetscape study.$400,000July 6, 2021 

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