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Princeton commissioners discuss business-incentive packet, Duke Energy grant and downtown revitalization
Summary
Consultant Chris Marion urged a proactive business-incentive package and outreach to attract businesses to Princeton’s downtown. Commissioners discussed existing façade and incentive grants, a $15,000 Duke Energy award administered by the Triangle East Chamber, and a newly announced $45,000 rural economic development grant.
Chris Marion presented a proposal for a structured new-business incentive program and urged the town to proactively promote existing grants and available downtown properties.
Marion said Princeton currently offers two small business programs: a $1,000 façade grant and a $25,100 business incentive grant funded from a town money market set up circa 2018. “The grants we have now — I'm wondering how do we promote them? They're on our website, but I mean, who's going there?” Marion said. He…
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