There’s still time to apply for the Business Recovery Grant Program through the N.C. Department of Revenue (NCDOR). This second phase of applications has approximately $200 million left in funding for eligible businesses. While there is a June 1 deadline, all applications will be considered after June 1, according to information from the local Chambers of Commerce.
Two types of grants, up to $500,000 per business, will be available to eligible business owners that suffered substantial economic loss during the pandemic:
- A hospitality grant will be available to eligible arts, entertainment, recreation, and accommodation or food service businesses such as a hotels, restaurants, and bars.
- A reimbursement grant will be available to an eligible business not included in the hospitality program.
Grants are not awarded on a first come, first served basis. No grant money in this Phase II has been given out yet. This is not a difficult application process. Visit
https://www.ncdor.gov/business-recovery-grant to learn more.