Government and Nonprofit Partners are Invited to Apply for
The Legacy Investment From Tourism (LIFT) Fund
Inaugural Grant Cycle
The Buncombe County Tourism Development Authority (BCTDA) invites non-profit and government organizations to submit applications for the Legacy Investment From Tourism (LIFT) Fund cycle opening today, October 31. The LIFT Fund was created to provide financial investment for tourism-related capital projects that increase patronage of lodging facilities, meeting facilities, or convention facilities in Buncombe County, and benefit the community at large in Buncombe County.
The LIFT 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. Advocacy efforts from local hotel leaders and Buncombe County Commissioners led to a change in legislation, effective July 1, 2022, that increased the allocation of lodging tax collections funding capital projects to two thirds of total occupancy tax collections, creating the LIFT Fund. The BCTDA estimates that $10.3 million will be available for the LIFT Fund investments this year.