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The Economic Development Incentive Program is an aggressive incentives package
to encourage development in the Downtown Central Business District. In order to stimulate interest with
property owners, developers and investors, the Wilson Downtown Development Corporation (WDDC) Board of
Directors realize a pro-active role must be taken. For this reason, this Economic Incentives Program was
created. Take a moment to see what we offer to help lower the cost of doing business in Downtown Wilson.
Click on the desired application below to download the document.
Then simply print the form and fill it out. All requested information is mandatory and should be mailed or hand deliver to...
Wilson Downtown Development Corporation
121 West Nash Street
P. O. Box 10
Wilson, NC 27894-0010
Ph (252) 399-2395
Fax (252) 399-2397
Please direct any questions to Wyatt Caughman Bethune at
downtownwilson@bbnp.com
or (252) 399-2395.
Why rent when you can own? Take advantage of the Owner Occupied Building
Grant and receive up to $8,400 to help with the purchase price. Some
business owners may be eligible to apply for a two-year extension.
- This is the same concept as the Rent Grant; however, we offer this
program to encourage building ownership for pedestrian oriented
businesses.
Detailed Information(document currently unavailable online) /
Download Application (document currently unavailable online) /
Tiers of Priority for Incentive
Grant Awards of up to $8,400 to attract pedestrian-oriented businesses
- Restaurants, antique shops, arts related shops and services are encouraged to apply
- Full Business Plan and Financial Information required
- Call WDDC at (252) 399-2395
Detailed Information(document currently unavailable online) /
Download Application
When the award period has expired for Rent Grant Applicants, some businesses may be eligible to apply for a
two-year extension.
- Grant awards of up to an additional $8,400.
- With this Extension, the Rent Grant Program may offer up to $16,800 for strong businesses that greatly add to
the downtown economic base.
Detailed Information /
Download Application(document currently unavailable online)
Grant Awards of up to $10,000 dollars to enhance building exteriors
- Up to $2,500 for the project costs for work up to $5,000
- An additional 10% for all project costs for work $5,001 - $80,000
- $1,000 minimum project investment
- Call WDDC at (252) 399-2395
Detailed Information /
Download Application
Up to 40% tax savings on all typical construction costs when renovating an eligible
historic building in the Central Business District
- Costs covered by tax credit include, but are not limited to: plumbing, electric, architectural and engineering
fees, legal expenses and even roof work!
- Call NC Preservation Office at (919) 733-6547 or WDDC at (252) 399-2395
Detailed Information /
www.hpo.dcr.state.nc.us/
$2 Million Loan Pool available at prime to point below prime for real estate
purchases, building renovations and equipment purchase.
- Call WDDC at (252) 399-2395
Detailed Information
NC Rural Centers Micro Enterprise Loan Program
- Loans from $500 up to $25,000 to those that have had difficulty with traditional lending sources. Interest rate
is set at prime plus 4% and can be used for operating expenses, inventory and equipment.
- Call (252) 246-1232
- See Quick Clicks, Small Business Center on the Wilson Community College website.
www.wilsontech.edu
Revolving Loan Fund Program & Intermediary Re-lending Program
- Loans up to $150,000 w/ fixed interest rates for all small business needs
- Call (252) 446-0411
www.ucpcog.org
Self-Help can assist with a variety of attractive small business and real estate loans.
www.self-help.org
New Market Tax Credits - When undertaking a large project, let Self-Help make
the project happen. This new program is the biggest Federal program created to stimulate business development.
SBA 504 Loan Program - Equipment, real estate and renovations for owner-occupied
projects.
Business loan opportunities for working capital, equipment, real estate and
refinancing. Interest rates vary, but generally are prime plus 1% or greater.
- Call (800) 893-9669 or (252) 752-8866
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