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Durham Strategic Plan Dashboard

Shared Economic
Prosperity

Create a Safer Community Together

Connected, Engaged, and Inclusive Communities

Innovative and High Performing Organization

Thriving and Vibrant Environment

Status Indicator: In Progress | On Hold | Complete/Ongoing

Initiative: 1.12 Leverage space-related economic development opportunitiesĀ 

Shared Economic Prosperity

Description

The initiative help us work more with community partners to create opportunities that support fair and equal development projects. We aim to connect local business owners with training and real estate options, spread the word about resources for entrepreneurs, and become a helpful source for information about available spaces in Durham. This is crucial because it helps us plan and take action to make sure everyone has fair access, especially in areas where there's currently a need for more equity and inclusion. 

Key Measures & Data Analysis

OEWD holds periodic networking events for Durham Legacy Businesses as well as other small businesses, especially those owned by women and/or minorities. In September 2023, 41 businesses attended networking events. 

 

Networking Events

Why is it important?

Increased growth and development has caused challenging economic pressures for local and small businesses in Durham, especially with COVID-19. This effort aims to lessen the hardships caused by higher rents and support the redevelopment of historically under-resourced areas. It will also help ensure the survival of the communities that live and work in these areas, as well as our small and locally owned businesses, especially those owned by women and people of color in targeted community development areas.

What have we been doing?

We continue to support businesses through our Neighborhood Revitalization program and serve as an advisor for the City's revitalization initiative in the Fayetteville Street corridor. OEWD met with several commercial property owners along the Fayetteville/Hayti commercial corridor to assess work required to assist these property owners to rehabilitate or repurpose these commercial buildings.

OEWD launched its Legacy Business Registry and Program at Morehead Manor in Durham NC. The Legacy Business Registry and Program was created to support the preservation of minority and women-owned businesses that have been in operation for 15 years or more in Durham

OEWD has also applied for an EPA Community-Wide Brownfield Assessment grant in the amount of $500,000 to continue our brownfields efforts and provide assistance to underserved and disadvantaged communities.

What's next?

OEWD continues to implement Durham Legacy Program and Registry work plan through our contractor M-3 Cubed. Scheduled Strategy sessions include: Work Plan via Group Technical Assistance, Group Business Coaching Online, Networking and Skills Events 3rd Thursdays.

Fayetteville Street Corridor Legacy Technical Assistance Program reviewed and approved.

Work out Incentive Agreement between Greene Solutions LLC and City of Durham due to fire located on City of Durham targeted commercial in September of 2023.

Budget and Management Services Department
Office of Performance and Innovation
Strategy and Performance Division