Are you thinking about starting or expanding your business? Are you considering downtown Rocky Mount as a potential location? We’d love to talk to you about your ideas to see how we can help. Whether you’re looking for available office or retail space, financial resources, assistance with your business plan; or have questions regarding permits, zoning or codes, we have the information available to help you succeed in downtown!
The Downtown Building Assistance Program is a 50% matching grant up to $20,000. This incentive is intended to fund interior and exterior downtown building improvements.
Can fund building improvements, fixtures, affixed furniture and equipment, signage
Must conform to Historic Preservation Design Guidelines if within HPC district
One grant per property within 5 years
Property must qualify for Certificate of Occupancy at completion of project
Property must be located within the Downtown Transitional area (Grand, Grace, Raleigh, Atlantic, Lexington)
Any commercial or mixed-use property
Downloads
AFIG is a $5,000 non-matching grant, to stimulate downtown recovery and revitalization activity, designed for expedited access.
Eligible properties must be located within the Downtown Core (Within boundary of Franklin St., Goldleaf St., Atlantic Ave., Raleigh Blvd.)
Allowable uses will include (but not limited to): brick or wall surface cleaning, patching and painting of façade walls, signage or lighting, canopy, awning installation/repair, window and/or door replacement/repair, mortar joint repair, railings and ironwork repair or addition, cornice repair and/or replacement, replacement/repair to exterior steps
One-Page Application (with required documentation)
Must meet any historic preservation requirement
Reimbursement with proof of payment and final inspection
Downloads
The Development Incentive Grant is a rebate of increased property taxes, reimbursed annually over five years (100% year 1, 80% year 2, 60% year 3, 40% year 4, 20% year 5) for city, county, and MSD (Municipal Services District) taxes.
Must be substantial rehabilitation, defined as: $40 per sq ft., At least one floor habitable, Investment equal triple pre-improvement tax value
No dollar maximum
Rebate is determined by property tax value after improvements (minus) the original pre-improved tax value
Property must be located within the boundaries of the Downtown Overlay District (DIG Area) (Goldleaf, Church, Hammond, Atlantic)
Any residential, commercial, mixed-use property
Construction must be completed and CO received within 24 months
Downloads
Funds the replacement or repair of roofing systems. The grant will reimburse 50% of roof repair cost up to a maximum of $10,000.
Includes entire roofing system including gutter and drainage systems
Repair must be permitted and pass final inspection
Eligible properties must be located within the Downtown Core (Within boundary of Franklin St., Goldleaf St., Atlantic Ave., Raleigh Blvd.)
Any commercial or mixed-use property
One grant per property within 5 years
Downloads
The Downtown Investor Guide provides market information about the city as a whole, and provides insight about why new businesses prosper in downtown Rocky Mount.
Now that you know that Rocky Mount is the place for you and your business, please check out the available properties downtown to find the perfect location for you and your business.
Historic Tax Credits are an excellent way to alleviate the burden of renovation costs to historic buildings, and downtown is a prime place to put these resources to work for you!