WDI Weekly Newsletter - February 18, 2022

WDI Weekly Newsletter

February 18, 2022

BUSINESS SPOTLIGHT:

Paradigm Performance Therapy

Dr. Colleen Rollo and her husband, Dr. Sean Rollo, co-founded Paradigm Performance Therapy with a mission to get people to move better – to both feel better and perform better. The therapy group provides individualized concierge care to all its patients and athletes.

The Rollos bring a combined two decades of experience in physical therapy treatment to The Cargo District. The couple chose The Cargo District because of its tight-knit, progressive business community. The therapy office opened at 1502 Castle St. in October.

Colleen specializes in female athletes and older, active adults. Sean specializes in sports medicine and high-performance athletes.

At Paradigm Performance Therapy, Colleen and Sean work individually with patients to decide what regimen and care are best for their patients’ needs and performance goals. Colleen said she aims for her patients to live a life they love free from pain.

This month, the business will be at the Novant Health Wilmington Marathon, providing recovery services at the end of the race. Join them at the marathon or schedule an appointment with Paradigm Performance Therapy today by calling 978-335-7640. Current and future patients can also request an appointment online.

If you're an artist, musician, or have a business downtown and would like to be featured in an upcoming WDI SPOTLIGHT, please contact us via email at [email protected].

Get a $1,500 check as part of

WDI's Microloan Assistance Grant Program!

Citrus Salon is one of several businesses in the downtown area to receive a Microloan Assistance Grant through WDI after closing on a Microloan. This salon is located at

262 N. Water St., inside the River Place development.

Wilmington Downtown, iNC is encouraging businesses to apply to its Microloan Program before interest rates go up next month.

Right now, a business approved for a loan as part of WDI's Microloan Program can receive up to a $20,000 loan at 3/4 of the New York Prime rate. At this time, that rate is about 2.44%. The loan rate is fixed on the date of closing.

WDI is also awarding $1,500 grant checks to the first 15 businesses that close on a Microloan. These checks are made possible through a $25,000 grant award to WDI from the Duke Energy Foundation's Hometown Revitalization Grant Program.

The grant funding from Duke Energy is being utilized in WDI's Microloan Assistance Grant (MAG) Program.

WDI has issued $1,500 MAG checks to End of Days Distillery, Citrus Salon, Craftspace, and Transcend Bookkeeping. Each of these businesses has secured a $20,000 loan in this revolving loan program.

Money paid back to the WDI Microloan Program goes back into a funding pool to assist other businesses with the necessary financial capital they need to start up, grow or expand.

WDI has developed this financial assistance program to directly support entrepreneurs and incentivize small business investment.

Businesses inside and beyond the traditional downtown footprint in the Central Businesses District (CBD) can apply for the program. The WDI Microloan Program is aimed to help existing small businesses weather the impacts of COVID and attract new businesses to start in the CBD and the City's emerging districts.

Our emerging districts are: Brooklyn Arts, Cargo, Castle Street, North Waterfront, Northside, South Front, and Soda Pop districts.

WDI has joined with Civic Federal Credit Union as the underwriter for this lending program.

WDI manages the intake for this program, while Civic Federal Credit Union manages the lending and review of businesses’ sensitive financial information.

Microloans facilitate business spending on eligible expenditures, including purchasing inventory, paying up to 3 months of rent, buying furniture, making equipment purchases and repairs, and adding/expanding e-commerce capabilities.

For more information about the Microloan Program and to fill out an intake form click here. Please contact WDI at 910-998-7744 or email [email protected] with any questions.

HIRING EVENTS!

Live Oak Bank Pavilion & Greenfield Lake Amphitheater

Want to work at Live Oak Bank Pavilion or Greenfield Lake Amphitheater? There are two hiring events taking place in the coming weeks at 10 Cowan St. in Downtown Wilmington!

Mark your calendars for these Live Nation job fairs:

Saturday, Feb. 26 from 10 a.m. to 2 p.m.

Thursday, March 3 from 3 p.m. to 7 p.m.

Open Positions Include:

• Operations Staff

• Sustainability Staff

• Guest Services

• Security

• Merchandise Seller

• Production Runner

• Site Coordinator

• VIP Host

• Box Office representative

• Guest Ambassador

• Cleaning/Housekeeping

To learn more about the positions and to apply click here or visit the Live Nation Careers webpage.

UPCOMING EVENTS

12th Annual Novant Health

Wilmington Marathon

February 26

Wrightsville Beach and Downtown Wilmington

The Novant Health Wilmington Marathon will start a the 2022 course at Johnny Mercer Pier overlooking the Atlantic Ocean at sunrise. The half, full and relay will take off and head west toward downtown Wilmington. The 5K and 1 mile will start and finish downtown Wilmington at the Live Oak Bank Pavilion.

Registration is still open for the event. Click here to register or visit the full website for more information.

Walking Tours Presented by

Historic Wilmington Foundation

The Historic Wilmington Foundation is offering free walking tours once a month on a Sunday afternoon. Ten tours will lead small groups through specialized tours of historic downtown Wilmington, tracing the City's complex and diverse history. Each tour is typically about one mile in length, beginning at HWF's headquarters located at 211 Orange St. Interested in attending one of these free walking tours? Click on the link to

Historic Wilmington Walking Tours include: