POTENTIAL FUNDING SOURCES
Job Creation & Capital Investment | Wake County Business Development Grant | Job Development Investment Grant (JDIG) | One North Carolina Fund (One NC) | North Carolina Small Business Center Network (SBCN) | North Carolina Small Business Technology and Development Center (SBTDC) | North Carolina Biotechnology Center Economic Development Award | Small Business and Innovative Research (SBIR) Program ACTION MATRIX The Implementation Action Matrix offers a comprehensive list of all implementation strategies, policies, and recommendations contained within the Wake Forest Community Plan. The matrix provides Town staff with a tool to prioritize implementation activities and projects over the life of the plan. In addition, the matrix allows the Town to approve specific, actionable items on an annual basis and evaluate progress based upon completed implementation strategies. While partners are not identified for each action item in the Action Matrix, the Town may partner with a number of agencies, non-profits, and private entities to achieve the objectives of this Plan.
The Action Matrix indicates the following three elements: Action Item Action items include capital projects, policy or regulatory amendments, and strategies that should be prioritized to lay the foundation for long-term Plan implementation. Goal Alignment Each action item is paired with thematic icons that identify the Plan’s goals that it supports. See page 30 for descriptions of each goal. Time Frame Time frame indicates in approximately how many years the Town should begin to undertake the action item. Descriptions of each time frame are detailed below: | Ongoing , currently being implemented and should continue to be implemented over time | Short-term , less than two years
The following is a list of possible funding sources that the Town could pursue to fund the implementation of the Wake Forest Community Plan. Affordable Housing | Low Income Housing Tax Credit Program (LIHTC) | Community Development Block Grant (CDBG) Economic Development | General Economic Development | Municipal Service District (MSD) | Triangle J Council of Governments Economic Development District (EDD) | Local Discretionary Grants | Incubators | Community Development Financial Institutions Fund (CDFI Fund) – New Market Tax Credits | Debt vehicles-GO Bonds | Certificates of Participation (COPs) | Special Obligation Bonds (SOBs) | Federal grants, such as from the Environmental Protection Agency (EPA) and United States Department of Agriculture (USDA) | Foundations | U.S. Economic Development Administration | Competitive utility rates utilizing coincident peak structure
| Mid-term , two to four years | Long-term , over four years
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TOWN OF WAKE FOREST | COMMUNITY PLAN
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