DGI Awards USD 112,500 In Grants For Business Owners


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Comserve Inc.

Sep 27, 2020, 04:35 EST


Bronx, United States, Sep 27, 2020, 04:35 /Comserve / -- For a total tally of USD 112,500, the Downtown Greensboro Inc. (DGI) has allocated 75 Retail Revitalization Grants. This was done with support from the Greensboro Virus Relief Fund along with the Guilford Merchants Association (GMA)

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Greensboro, Sept. 25, 2020 -- For a total tally of USD 112,500, the Downtown Greensboro Inc. (DGI) has allocated 75 Retail Revitalization Grants. This was done with support from the Greensboro Virus Relief Fund along with the Guilford Merchants Association (GMA)

The President and the CEO of DGI, Zack Matheny talked about how the pandemic has knocked down a lot of their downtown businesses. But with assistance through this grant program, they have not been able to knock them out. He also mentioned how wonderful it feels that they were able to support so many small business owners in one way or the other.

The many businesses that were affected by both Covid-19 along with the civil unrest that happened in late May were the targets of the Retail Revitalization Grant Program. The program was launched in May and awarded grants of USD 1,500 each mainly for marketing, job retention, new business plan initiatives, rent assistance, and other related business expenses.

The eligibility criteria mentioned that any storefront retail business that has been in business prior to Jan. 1, 2020 in the downtown Greensboro Business Investment District (BID) and sells any form of good or service can apply for the grant. USD 55,000 start-up money was provided by the GMA and DGI under the Retail Revitalization Grant Program. An additional amount of USD 24,000 was contributed to the program by the Greensboro Virus Relief Fund which was established by the Community Foundation of Greater Greensboro along with United Way of Greater Greensboro, and City of Greensboro.

The remainder of the funds were raised with the help of community donations through a GoFundMe campaign. There were a number of private donations too which included USD 5,000 challenge donation from an anonymous donor, USD 5,000 from Deuterman Law Group. Additionally, the Downtown Residents Association donated USD 2,500 while the Jewish Foundation and Rotary Club of Greensboro donated USD 1,500 and USD 1,000 respectively.

Due to civil unrest that happened throughout the city on May 30 and May 31, DGI, in July, had decided to initiate the Rebuilding Greensboro Grant Program. This program will allow businesses to receive grants ranging from USD 100 to USD 3,000 for various damages to the storefronts and protective measures to prevent future mishaps.

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