Downtown Greensboro Inc. Awards $ 112,500 Retail Revitalization Grant | Corporations
GREENSBORO, NC (Sept. 24, 2020) – Downtown Greensboro Inc. (DGI), with support from the Guilford Merchants Association (GMA) and the Greensboro Virus Relief Fund, has awarded 75 Retail Revitalization Grants for a final sum of $ 112,500.
“I can’t tell you how nice it is to know that we’ve helped so many small business owners in one way or another,” said Zack Matheny, President and CEO of DGI. “This pandemic knocked our downtown businesses down, but with the help of this grant program, it didn’t knock them down.”
The Retail Revitalization Grant Program was aimed at downtown businesses affected by both COVID-19 and the late May riots. Launched in May, the program has awarded grants of $ 1,500 each for new business plan initiatives, inventory growth, marketing, rental support, job retention and other related business expenses.
“GMA was proud to partner with DGI to bring much-needed funding to downtown business owners who have been severely affected,” said Mark Prince, President and CEO of GMA. “We hope that keeping their businesses open while we go through this pandemic has eased some of the financial burden.”
Eligible for application were any retail store selling a good or service located in downtown Greensboro Business Investment District (BID) that was operational prior to January 1, 2020. The Retail Revitalization Grant Program entry fee of USD 55,000 was provided by DGI and GMA. The Greensboro Virus Relief Fund, established by the United Way of Greater Greensboro, the City of Greensboro, and the Community Foundation of Greater Greensboro, awarded the program an additional $ 24,000.
The rest of the funds were raised through community donations through a GoFundMe campaign. Private donations included a donation of $ 5,000 from an anonymous donor that raised $ 5,000 from the Deuterman Law Group, $ 2,500 from the Downtown Residents Association, $ 1,500 from the Jewish Foundation, and $ 1,000 from the Rotary Club of Greensboro has been.
The 75 scholarship holders were: