New NC Business Recovery Grant

Good afternoon –

I am sharing an opportunity from the NC Department of Revenue for your businesses. Please send out to your businesses before the new year so that they can get their applications in.

Elizabeth (Liz) H. Parham, CMSM,
Director, NC Main Street & Rural Planning Center

I am pleased to announce that the application and webpage is now available on NCDOR's website. The deadline to apply is January 31, 2022.

The program will issue a one-time payment to eligible North Carolina businesses that experienced significant economic loss due to COVID-19. Two types of grants will be available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic:

• A hospitality grant will be available to an eligible arts, entertainment, and recreation business, as well as an eligible accommodation or food service business such as a hotel, restaurant, and bar.

A reimbursement grant will be available to an eligible business not classified in NAICS Code 71 and 72 and that did not receive funding from other relief programs including Paycheck Protection Program, COVID-19 Job Retention Grant, and EIDL Advance.