Following evaluation and recommendation from its Tourism Product Development Committee, the Buncombe County Tourism Development Authority approved more than $9 million dollars of new investment today for community projects that will benefit residents and visitors alike. These 10 capital projects throughout Buncombe County will cultivate community, foster local business, and enhance our built and natural environments.
In addition to the $6.64 million approved for two other projects in the Authority’s August meeting, Tourism Product Development Fund investments now total more than $15.68 million in awards this year.
- City of Asheville: $6.45 million (42%)
- Buncombe County Government: $6.64 million (41%)
- Non-Profit Partners: $2.58 million (17%)
With today’s decision, the authority has committed nearly $60 million to 46 community tourism projects since the fund’s inception.
Additionally, the board approved $90,150 in grant funding for 23 local Festivals & Cultural Events taking place in 2023, from Blue Ridge Pride Festival and LEAF Downtown to Peace Gardens Spring Fling and Asheville’s Honeyfest.
And we can't lose sight of the significance of the marketing fund to our community and local businesses. Our travel and hospitality community is a major economic driver, generating $2.6 billion dollars in direct visitor spending for a wide variety of local businesses and 27,000 total jobs for Buncombe County residents in 2021. It is vital that we continue to inspire visitors to choose Asheville for leisure and business travel for the health and vibrancy of our creative economy.