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Duke Energy Hometown Revitalization Small Business: Love All the Local Places Grant

  1. Program Description

    The Duke Energy Hometown Revitalization Grant Program awarded $25,000 via a partnership with a local 501c3 nonprofit to 30 communities across the state. The funds support small businesses that have been challenged by COVID-19 to change their business practices or to improve the external or internal features of their business.

    Fuquay-Varina Downtown Association (FVDA) was awarded $25,000 through this program and will distribute the funds to businesses within its focus as a downtown organization.  FVDA will award net funds to the grantees after the cost of administration of the program is paid for from the award.


  2. Eligibility

    Eligible businesses will: 

    · Have less than 50 employees 

    · Apply for between $500- $2,500 in funding support 

    · Complete their work within 6 months of being selected 

    · Operate a brick-and-mortar business in Fuquay-Varina. Excluding home-based or virtual businesses. 

      Non-Profits and franchises and are permitted. 

    · Match Grant Funds 1:1 

    *As an organization focused on downtown, FVDA will prioritize applicants located in Downtown Districts (DC1/ DC2), but any business in Fuquay-Varina may apply.

    Grant Information Sessions:
    November 18, 2021:  1:00pm -  FV Arts Center (123 Vance Street)
    6:00pm - Pine Acres Community Center (402 McLean Street)

    Applicants may submit questions to info@fuquay-varinadowntown.com. 

    Eligible uses for the funds fall into two categories:

    COVID-19 Reimbursement (Approximately 20% of the grants will be awarded in this category)

    Business owners interested in COVID-19 Reimbursement must provide evidence of expenses between March 2020-present due to changes in service, business practices, or physical location as a result of COVID-19 public health restrictions. These can include, but are not limited to:

    • Offering new online purchasing services
    • Offering new drive-through services 
    • Offering new delivery services 
    • Making physical changes or additions to a business (buying additional seating outdoors, plexi-glass barriers, etc.)

    *This grant is not intended to replace lost revenue due to staffing shortages or business closures, but to support the extra costs or physical changes of a business since COVID-19.

    Business/Property Improvements (Approximately 80% of the grants will be awarded in this category)

    Business owners interested in Business or Property Improvements must provide a proposed budget for projects to improve a business or property that will attract customers or help the business adapt to public health restrictions. These can include, but are not limited to:

    • Making physical changes or additions to a business to adapt to COVID-19 (adding a drive-through window, buying additional seating outdoors.)
    • Making business or service changes to adapt to COVID-19
      • Online services
      • Drive-through services
      • Delivery services
    • Making physical changes or additions to improve the business
      • Internal business improvements (seating, decorations, sales equipment, etc.)
      • Other business improvements (creating an online presence, advertising, etc.)

    *If the business owner does not own the property where they operate, they must include a letter of permission from the property owner for the work described. Any agreement about the work must be decided independently between the property and business owner.

    Application Process

    Interested business owners will complete an application that requires:

    • A summary of the business
    • How COVID-19 has impacted the business
    • How the funds will be used
    • How the funds help move your business forward

    Applicants that choose to be reimbursed for previous COVID-19 related expenses must include receipts with the application. Applicants that choose new COVID-19 related business/property improvements will be responsible for paying the cost of the improvements and showing receipts and proof of the work before being reimbursed by FVDA. Applicants must check in with FVDA within 2 months and complete the work within 6 months. Reimbursement will be made within 30 days.

    After the business submits their application by December 15, 2021, FVDA’s Independent Review Committee will review the applications and notify approved businesses by January 15, 2022. Note that a summary of the grants awarded will be included on the report filed with the grantor, Duke Energy Hometown Revitalization Small Business Grant.


    Selection Criteria

    In order to have an objective process for disbursement of grant funds, evaluation criteria have been set in place:

    30% Purpose of Grant:  Clear statement of what funds will be used for, eligible uses, reference to COVID-19 resiliency as a major part of the grant  

    50% Need & Impact:  Description of need for the project, expected outcomes, and impact on Downtown Fuquay-Varina. 

    20% Completion & Communicativeness:   Completion of the application, complete and clear attachments to the application when requested.

    *The Duke Energy Foundation and FVDA encourage small business owners of all business type, experience, and background to apply, including Women and Minority Owned businesses.


    Deadline

    Applications are due December 15, 2021. The FVDA Review Committee will review the applications and notify approved businesses by January 15, 2022.

  3. If different from Business Address

  4. Dollar Amount Only

  5. These costs may include:

    • Offering new online purchasing services
    • Offering new take-out services due to COVID-19
    • Offering new delivery services
    • Making physical changes or additions to a business (adding a drive-through window, buying additional seating outdoors, plexi-glass barriers, etc.)

    *This grant is not intended to replace lost revenue/salaries due to staffing shortages or business closures

  6. These can include, but are not limited to:

    • Making physical changes or additions to a business to adapt to COVID-19 (adding a drive-through window, buying additional seating outdoors, etc.)
    • Making business changes to adapt to COVID-19 (Online, Drive-through, or Delivery services)
    • Making physical changes or additions to improve the business
      1. Internal business improvements (seating, decorations, sales equipment, etc.)
      2. Other business improvements (creating an online presence, advertising, etc.)
  7. Part III: Optional Demographic Information
  8. FVDA does not discriminate on the basis of age, sex, gender, race, religion, national origin, or handicapping conditions. Applicants will be selected based on the strength of their application, consistency with the Duke Energy Hometown Revitalization Grant requirements, potential impact of the project, and the diversity of applications. Please consider filling out this voluntary survey:
  9. If Yes, Check all that apply
  10. Gender
  11. Ethnicity (Check all that apply):
  12. Age
  13. I have thoroughly read the Duke Foundation Hometown Revitalization Grant description above and can attest that I have completed the application with all necessary attachments and information. The information listed is fair and accurate to the best of my knowledge. If awarded I commit to providing all relevant information and complete the work described within six (6) months of the date of the award.
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