Main Street Solutions Fund

Background

The purpose of the fund is to provide maximum support to small businesses in designated micropolitans located in Tier 2 and Tier 3 counties and/or in designated North Carolina Main Street communities. The grants will be used to assist planning agencies and small businesses with efforts to revitalize downtowns by creating jobs, funding infrastructure improvements and rehabilitating buildings.

Thirty-two communities have been awarded Main Street Solutions Funds, totaling $4,043,693. For every $1 invested by the state, an additional $6.42 will be invested by the local community. Fifty-nine businesses will directly benefit from the Main Street Solutions grant program. Those businesses will create or retain a minimum of 673 permanent full-time and part-time jobs. The total projected investment is $25,227,857. 

Read about the latest Main Street Solutions grant awards here.

Breakdown

  • 2009-2010 - four communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $7.75 was invested by the local community. Fourteen small businesses directly benefited from 2010 Main Street Solutions grant awards. Those businesses created or retained 223 permanent full-time and part-time jobs. The total investment for these projects was $5,869,393.
  • 2010-2011 - seven communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $6.20 was invested by the local community. Nineteen businesses  directly benefited from 2011 Main Street Solutions grant awards. Those businesses created or retained 197 permanent full-time and part-time jobs. The total investment for these projects was $5,788,374.
  • 2011-2012 - two communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $4.90 was invested by the local community. Four businesses directly benefited from the 2012 Main Street Solutions grant awards. Those businesses created or retained 24 permanent full-time and part-time jobs. The total investment for these projects was $1,227,240.
  • 2012-2013 - the city of Salisbury and the city of New Bern were awarded additional funds for  expansions to their original projects. For every $1 invested by the state, an additional $3.54 was invested by the local community. One business directly benefited from the 2013 Main Street Solutions grant awards with 16 permanent full-time and part-time jobs created or retained. The total investment for these project expansions was $337,287.
  • 2013-2014 - seven communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $4.78 will be invested by the local communities. Thirteen businesses will directly benefit from the 2014 Main Street Solutions grant awards. Those businesses will create or retain a minimum of 68 permanent full-time and part-time jobs. The total projected investment is $4,008,199.
  • 2014-2015 - five communities were awarded Main Street Solutions grant funds.  For every $1 invested by the state, an additional $6.33 will be invested by the local communities.  Five businesses will directly benefit from the 2015 Main Street Solutions grant awards.  Those businesses will create or retain a minimum of 45 full-time or part-time jobs.  The total projected investment is $4,114,418.38.
  • 2015-2016 - five communities were awarded Main Street Solutions grant funds.  For every $1 invested by the state an additional $13.47 will be invested by the local communities.  Three businesses will directly benefit from the 2016 Main Street Solutions grant awards.  Those businesses will create or retain a minimum of 36 full-time or part-time jobs.  The total projected investment is $3,882,946.

2015-2016 Grant Awards

Total grants awarded for 2015 and 2016: $519,316

  • Warrenton, $50,000
  • Morganton, $25,000
  • Salisbury, $200,000
  • Valdese, $ 175,000
  • Newton, $69,316

2014-2015 Grant Awards

Total grants awarded for 2014 and 2015: $650,000

  • Shelby, $75,000
  • Warrenton, $75,000
  • Clinton, $200,000
  • Elkin, $100,000
  • Brevard, $200,000

2013-2014 Grant Awards

Total grants awarded for 2013 and 2014: $839,316

  • Tryon, $50,000
  • Tarboro, $200,000
  • Roxboro, $175,000
  • Williamston, $100,000
  • Garner, $75,000
  • Valdese, $64,316
  • Morganton, $175,000

2012-2013 Grant Awards

Total grants awarded for 2012-2013: $95,207

  • Salisbury, $70,207
  • New Bern, $25,00

2011-2012 Grant Awards

Total grants awarded for 2011-2012: $250,000

  • New Bern, $100,000
  • Tryon, $150,00

2010-2011 Grant Awards

Total grants awarded for 2010-2011: $932,808

  • Benson, $41,389
  • Goldsboro, $200,000
  • Highlands, $200,000
  • Kinston, $200,000
  • Lenoir, $200,000
  • Newton, $75,000
  • Salisbury, $41,41

2009-2010 Grant Awards

Total grants awarded for 2009-2010: $757,046

  • Burlington, $298,460
  • La Grange, $87,131
  • Morganton, $271,455
  • Rocky Mount, $100,000

Additional Information

For further information on the Main Street Solutions Fund grant program, contact:

Ed Davis
Grant Administrator
4346 Mail Service Center
Raleigh, NC 27699-4346
Email: edward.davis@nccommerce.com
Telephone: (919) 814-4668

NC Main Street is a Main Street America™ Coordinating Program. As a Main Street America™ Coordinating Program, NC Main Street is part of a powerful, grassroots network consisting of 45 Coordinating Programs and over 1600 neighborhoods and communities across the country committed to creating high-quality places and to building stronger communities through preservation-based economic development.

National Trust for Historic Preservation,® Main Street® and Four-Point Approach® are registered trademarks of the National Trust for Historic Preservation.


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