Program Overview
For women-and-minority-owned businesses, this effort by Downtown Raleigh Alliance (DRA), Wake Tech Entrepreneurship & Small Business Center, LM Restaurants, and Lenovo will increase the presence, inclusion, and equity of business ownership in Downtown Raleigh.
This program is specific to retail businesses.
The storefront location at 17 E. Martin Street will be subdivided to accommodate two-to-four retail tenants with lease terms of 12 months.
Accepted tenants are required to:
● Commit to a twelve-month lease term
● Work full-time in their business
● Staff the shop and be open during the hours of operation
● Provide a POS system and be able to process transactions
● Provide retail display infrastructure
● Obtain business insurance for the use of the pop-up space
● Provide supporting documentation as needed to demonstrate ownership and ability to operate
● Share a pop-up location with additional retail tenants and adhere to a tenant code of conduct agreement
● Attend an orientation with Downtown Raleigh Alliance and Wake Tech Entrepreneurship & Small Business Center
● Schedule and attend one (1) business counseling session per month through Wake Tech Entrepreneurship & Small Business Center for the duration of the lease term. Counseling is free and confidential.
● Report monthly transaction numbers and sales numbers to Downtown Raleigh Alliance. This information will remain confidential within DRA.