The North Carolina Department of Revenue just announced that starting today, it will begin mailing one-time Business Recovery Grant payments to approved North Carolina businesses that applied before Jan. 31, 2022.
Businesses approved for the grant should expect to receive $50,000 or less in the coming days.
The Business Recovery Grant is funded by the federal American Rescue Plan State Fiscal Recovery Fund. Two different grants were available to businesses that applied based on their economic loss during the pandemic.
The Hospitality Grant is for eligible businesses that pertain to arts, entertainment, or recreation, as well as food and accommodation services.
The Reimbursement Grant is for eligible businesses not classified in NAICS Code 71 and 72. Other eligible businesses are those that did not receive any funding from other relief programs.
"A number of small businesses were hit hard by the pandemic, and these funds can help them recover and thrive. I appreciate the work to get checks out as quickly as possible while we work with legislative leaders to expand eligibility to more businesses," said Governor Roy Cooper.
Federal law will require these entities that receive the grant to provide additional information to the Department.
Last week, the North Carolina Department of Revenue temporarily stopped accepting applications for Phase 2 of the Business Recovery Grant as the General Assembly works to try increasing eligibility for other potential businesses. Applicants that were not approved will be notified.
To wrap up the first day, attendees were able to meet up for a social event at the Brad Halling American Whiskey Ko. in Southern Pines where a $10,000 check was presented to the Joint Special Operations Foundation for their scholarship fund. Photo pr
The three-story, 200,000 square-foot business incubator space is located at 420 Maiden Lane. The building features an elevator, construction has begun on handicap bathrooms for the first floor and the second and third floors feature window walls offering views of Segra Stadium.
Image provided by FTCCFocused on building the local workforce and streamlining the education process through real world learning, the Hope, Opportunity, Prosperity through Education Program at Fayetteville Technical Community College (FTCC), also kno