The purpose of the Smithfield Historic Area Revitalization Plan (S.H.A.R.P.) is to encourage the rehabilitation of older buildings and/or promote infill growth with new commercial development in Downtown Smithfield Municipal Service/Historic District.

The SHARP Grant is offered by Johnston County, the Town of Smithfield, and the Downtown Smithfield Development Corporation as a grant back of the difference in ad valorem taxes for a period of up to five years after the completion of the project.