Can Do Performance Financing Program Finalists Awarded
FOR IMMEDIATE RELEASE
June 10, 2025
Contact: Brittany Tschida
Marketing Manager
Phone: 910-500-6403
Email: Brittany@fcedc.com
Can Do Performance Financing Program Finalists Awarded
Next Round of Funding Will Open on June 26
FAYETTEVILLE, NC – The Community Development Foundation, in partnership with the City of Fayetteville and Fayetteville Cumberland Economic Development Corporation, has announced the first two companies receiving funding from the Can Do Performance Financing Program.
During the June 9th City Council Regular Meeting, the owners of A & A Holdings Corporation and Maybridge Development each presented their planned projects to City Council. After the required public hearing was held, both were approved unanimously by the council.
“This initiative not only empowers individuals with valuable expertise but also facilitates the growth of our business within the local economy,” said Ashley Johnson, owner of A & A Holdings Corporation, who received $125,000 in funding. “By investing in workforce development, we aim to strengthen community ties and enhance opportunities for sustainable employment.”
The second candidate, Latisha Perkins, owner of Maybridge Development, was awarded $300,000 to create 12 jobs. “At Maybridge, our focus is on creating jobs, training underserved residents, and building affordable, resilient homes. This investment drives long-term economic growth and a more inclusive construction industry,” stated Perkins.
Funded by a one-time grant from the State of North Carolina and the City of Fayetteville, the program is designed to reduce barriers to capital for businesses located in Low-to-Moderate Income Census Tracts, especially those with women, veteran, and minority ownership. Companies that will provide services to governmental and institutional partners, as well as those in the aerospace, technology, defense, and cybersecurity receive heightened consideration.
“These companies are examples that the Can Do Funding Program is a great partnership with our local businesses who are committed to investing, hiring, and expanding in our community”, said City of Fayetteville Mayor Mitch Colvin. “The City is committed to getting resources to these businesses, which will have the greatest impact in our community. The return we will see on this city and state investment will be tremendous”.
The next round of funding will open June 26, 2025, and will run through July 11, 2025, unless noted otherwise. Those interested in learning more about the program’s qualifications and parameters are encouraged to attend an information session on June 25th at 6:00 p.m. at the Fayetteville Cumberland Regional Entrepreneur & Business HUB located at 1073 Murchison Road, Fayetteville, NC 28301. Visit fcedc.biz/CanDoFunding to register. If you are unable to attend in person, you may email candofund@fcedc.com to receive more information.
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About FCEDC: The Fayetteville Cumberland County Economic Development Corporation is a public-private partnership designed to enhance job growth and prosperity in the region by attracting new industry and growing and retaining existing industry. FCEDC works daily to help strengthen our economy and diversify our community tax base. Successful projects would not be possible without the ongoing support of the City of Fayetteville, Cumberland County, and community partners. Learn more at www.fcedc.com.
About the Community Development Foundation: The Community Development Foundation is a 501(c)(3) nonprofit organization founded by members of Fayetteville’s and Cumberland County’s private sector. Serving as FCEDC’s Business Advisory Council, it is committed to growing our economy by supporting local businesses, encouraging job creation, and promoting development opportunities. Learn more at www.fcbac.com
ABOUT CITY OF FAYETTEVILLE: The City of Fayetteville is a dynamic, culturally-rich community committed to high performance, transparency and innovation. Directly adjacent to Fort Bragg, Fayetteville is home to more than 208,000 residents. The mission of the City is to provide sustainable, high-quality public services for our communities to thrive and businesses to grow. With creative energy, vibrant history and compassionate people, Fayetteville always finds a way. That’s why we are America’s Can Do City. To learn more about the City of Fayetteville and City departments or services, please visit fayettevillenc.gov or follow us on Facebook, Instagram, Twitter or LinkedIn.