Areas in orange are targeted areas for economic development.
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Raleigh offers various incentives to eligible businesses relocating or expanding in the community. 


City of Raleigh Grants

 

Business Investment Grant (BIG)

The Business Investment Grant (BIG) is a discretionary incentive program that provides cash grants to new and existing businesses that will provide economic benefits to the City of Raleigh, are competitive with other locations, and need the grant to carry out the project in the City. Grants are based on new job creation and new ad valorem taxable investment made by companies.


Building Up-fit Grant (BUG)

Economic Development is a priority for the Raleigh community and its residents. Attracting new business and expanding existing businesses in the city is a part of this goal. The City of Raleigh's Building Up-fit Grant encourages growth and development by assisting property owners and businesses with improvements, renovations, and/or additions to their interior spaces.

The City of Raleigh will be holding pre-application meetings and accepting applications for the Building Up-fit Grant during the grant cycles listed below. Please note that all applicants must participate in a pre-application screening to determine their eligibility to proceed with the Building Up-fit Grant Application. All completed applications and supporting documentation must be submitted by the close of business on the last day of the grant cycle. 

Grant Cycles by Quarter:

  • 1st Quarter FY17-18: 
  • 2nd Quarter FY17-18: Monday, October 2, 2017 through Monday, November 13, 2017  
  • 3rd Quarter FY17-18: Tuesday, January 2, 2018 through Monday, February 12, 2018 
  • 4th Quarter FY 17-18: Monday, April 2, 2018 through Friday, May 11, 2018

Applications can be delivered to the Office of Economic Development located at One Exchange Plaza, Suite 727 or emailed to Tiffany McNeill at This email address is being protected from spambots. You need JavaScript enabled to view it. copying Amanda Driscoll at This email address is being protected from spambots. You need JavaScript enabled to view it..

Submitted applications are reviewed by the Building Up-fit Review Committee for approval. The tentative meeting dates for FY 2017- FY 2018 are:

  • Thursday, November 30, 2017
  • Thursday, February 22, 2018
  • Thursday, May 24, 2018

 

jobsRaleigh Grant

The City of Raleigh has placed a priority on helping small businesses start, grow and stay in Raleigh. As such, the City adopted the jobsRaleigh Grant to assist small businesses. The program provides grants to companies based upon the creation of new jobs or retention of jobs within the City of Raleigh.  

 

Facade Grant Program

The City of Raleigh’s Facade Grant Program helps businesses and property owners in older commercial areas upgrade and improve their building’s exterior appearance. Since the program’s inception in the early 1980s, it has assisted in the rehabilitation of more than 100 buildings, increasing their attractiveness to new customers and contributing a positive influence toward revitalization of their respective areas. The different types of grants available include both University Village Pedestrian Business Overlay Districts and other Pedestrian Overlay District Facade Grants.

 

Downtown Raleigh Retail Up-Fit Grant

The Downtown Raleigh Alliance (DRA) announces a new retail incentives for downtown Raleigh retailers, including a new Retail Up-fit Grant. The grant will be available to new soft-goods retailers looking to open in downtown Raleigh. One of DRA’s most core priorities is to assist filling all street-level storefront spaces with retail and helping aspiring entrepreneurs find their place in downtown Raleigh.