Tourism Product Development Fund applications due May 15

Press release from Explore Asheville Convention & Visitors Bureau:

The Buncombe County Tourism Development Authority (BCTDA) invites Buncombe County-based non-profit and government organizations to submit applications to this year’s Tourism Product Development Fund (TPDF) cycle. TPDF was created to provide financial assistance through grants, loan guarantees, or pledges of debt service to major tourism capital projects that will increase patronage of lodging properties and further economic development in Buncombe County.

Since the fund’s inception in 2001, the BCTDA has provided more than $86 million through 64 investments in 41 community projects. Funded projects have included support for greenways, parks, public art, sports and recreation facilities, cultural heritage institutions, and other family attractions. A list of all TPDF investments can be found here.

The Tourism Product Development Fund is derived from one-third of the lodging tax paid by visitors who stay overnight in Buncombe County in commercial lodging facilities, including hotels, vacation rentals, and bed-and-breakfast inns. The BCTDA estimates $9 million will be available for TPDF investments this year.

TPDF 2024 Cycle Schedule 

April 15 | TPDF Phase 1 Application Opens
April 17 | TPDF Information Session
May 15 | TPDF Phase I Application Closes
June 12 | Phase I Applicants Notified and Invited to Phase II
August 16 | Phase II Application Closes
Week of September 2 | Project Presentations
Week of September 15 | Project Site Visits
October 30 | Funding Recommendations Presented to BCTDA Board
Learn More About the 2024 TPDF Cycle

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