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. To learn more or apply for a Building Up-fit Grant please contact Tiffany McNeill to schedule a pre-application meeting.
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.