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 are used to assist planning agencies and small businesses with efforts to revitalize downtowns by creating jobs, funding infrastructure improvements and rehabilitating buildings.

As of June 30, 2017, twenty-three communities have been awarded thirty-two Main Street Solutions Fund grants, totaling $4,118,476. For every $1 invested by the state, an additional $5.13 is anticipated to be invested by the local community. Sixty-one businesses will directly benefit from the Main Street Solutions grant program. Those businesses will create or retain a minimum of 686 permanent full-time and part-time jobs. The total projected investment is $25,851,165.

Additional Information
• MSSF Guidelines & Application

Breakdown

FY 2015-2016 Grant Awards
Five communities were awarded Main Street Solutions grant funds. For every $1 invested by the state an additional $6.20 will be invested by the local communities. Five businesses will directly benefit from the 2016 Main Street Solutions grant awards. Those businesses will create or retain a minimum of 74 full-time or part-time jobs. The total projected investment is $3,976,202.
Total grants awarded for 2015 and 2016: $519,316
• Warrenton, $50,000
• Morganton, $25,000
• Salisbury, $200,000
• Valdese, $175,000
• Newton, $69,316

FY 2014-2015 Grant Awards
Five communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $5.48 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 76 full-time or part-time jobs. The total projected investment is $4,677,036.
Total grants awarded for 2014 and 2015: $725,000
• Shelby, $125,000
• Warrenton, $100,000
• Clinton, $200,000
• Elkin, $100,000
• Brevard, $200,000

FY 2013-2014 Grant Awards
Seven communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $3.74 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 77 permanent full-time and part-time jobs. The total projected investment is $3,975,633.
Total grants awarded for 2013 and 2014: $839,099
• Tryon, $50,000
• Tarboro, $200,000
• Roxboro, $174,783
• Williamston, $100,000
• Garner, $75,000
• Valdese, $64,316
• Morganton, $175,000

FY 2012-2013 Grant Awards
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 $2.54 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 private investment for these project expansions was $337,287.
Total grants awarded for 2012-2013: $95,207
• Salisbury, $70,207
• New Bern, $25,000

FY 2011-2012 Grant Awards
Two communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $3.91 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.
Total grants awarded for 2011-2012: $250,000
• New Bern, $100,000
• Tryon, $150,00

FY 2010-2011 Grant Awards
Seven communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $4.83 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.
Total grants awarded for 2010-2011: $932,808
• Benson, $41,389
• Goldsboro, $200,000
• Highlands, $200,000
• Kinston, $200,000
• Lenoir, $200,000
• Newton, $50,000
• Salisbury, $41,419

FY 2009-2010 Grant Awards
Four communities were awarded Main Street Solutions grant funds. For every $1 invested by the state, an additional $5.20 was invested by the local community. Fourteen small businesses directly benefited from 2010 Main Street Solutions grant awards. Those businesses created or retained 222 permanent full-time and part-time jobs. The total investment for these projects was $5,869,393.
Total grants awarded for 2009-2010: $757,046
• Burlington, $298,460
• La Grange, $87,131
• Morganton, $271,455
• Rocky Mount, $100,000

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

Dan Becker
Grant Administrator
4346 Mail Service Center
Raleigh, NC 27699-4346
Email: dan.becker@nccommerce.com
Telephone: (919) 919-814-4668  

NC Main Street is a Main Street America™ Coordinating Program.

As a Main Street America™ Coordinating Program, NC Main Street helps to lead a powerful, grassroots network consisting of over 40 Coordinating Programs and over 1,200 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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