Economic Opportunities

Economic opportunity starts with the right resources. Whether you're expanding an existing business, launching a new venture, or pursuing a larger development project, the City of Fayetteville offers programs and tools to support investment, job creation, and long-term economic growth. Explore financing opportunities, business resources, and development programs designed to help move your vision forward. 

Programs such as the Tax Increment Grant (TIG) Program and the Section 108 Loan Guarantee Program provide opportunities to assist eligible development projects that align with community priorities and generate meaningful public benefit. By leveraging public-private partnerships and innovative financing strategies, the City aims to support sustainable development that strengthens neighborhoods, expands opportunity, and enhances quality of life for residents. 

Tax Increment Grant (TIG) Program

Tax Increment Grant (TIG) financing is a tool used by municipalities to assist with the financing of private development projects which create public benefits in areas identified by the municipalities as needing additional public and private investment and development.  It is one of several financing tools available to the City of Fayetteville for use in creating such public benefits where the private market alone has not created similar benefits for the citizens of Fayetteville. Click to view the Tax Increment Grant policies and application(PDF, 1MB).

Section 108 Loan Guarantee Program

Section 108 Loan Guarantee Program is part of HUD’s Community Development Block Grant (CDBG) program and provides communities with financing for economic development, housing rehabilitation, public facilities (infrastructure), and other physical development projects. It enables the City of Fayetteville to leverage its CDBG funds to secure low-interest loans for larger-scale initiatives that drive local economic growth and community improvement. Projects supported under Section 108 often aim to stimulate private investment, support local businesses, and create or retain jobs. It reflects the City of Fayetteville’s commitment to fostering inclusive growth, creating opportunities, and improving the quality of life in the City of Fayetteville. Click to view the Section 108 Loan Guarantee Program policies(PDF, 342KB) and application(PDF, 186KB). Visit HUD's website to see what's possible using the Section 108 Loan Guarantee Program.

 

Additional Resources:

For additional support, training opportunities, and business development resources, explore the external partner organizations and tools linked below. These resources provide valuable guidance for entrepreneurs and small business owners at every stage of business growth.

FTCC SBA SBTDC

FCEDC VBOC Chamber

In addition to Economic Opportunities, the City of Fayetteville supports initiatives that strengthen commercial districts, encourage tourism and entertainment, and create vibrant spaces for residents, visitors, and businesses. Partnerships with organizations such as the Cool Spring Downtown District help promote downtown revitalization, small business growth, arts and cultural activity, and community engagement throughout the urban core.

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