The N.C. Department of Revenue has scheduled an online information session next week to help businesses adversely affected by the COVID-19 pandemic apply for Business Recovery Grant money.
The session will be held Thursday, May 19 from 11 a.m. to noon and is open to anyone interested in learning more about the grant’s Phase 2, according to Sheri Jones, VGCC Small Business Center Director. “The state is eager to distribute these funds to eligible businesses so I would encourage anyone who was in business during the pandemic to take a look at the criteria and apply – it is much broader and covers more business types in this phase, Jones said.
The deadline to apply is June 1.
To register for Thursday’s online session, go to: NC DOR Business Recovery Grant – Program Overview & Common FAQs
The N.C. General Assembly passed the legislation and Gov. Roy Cooper signed it into law in March. The BRG issues awards of up to $500,000 to eligible North Carolina businesses that suffered substantial economic loss during the pandemic.
Two types of grants are available through the program:
- A hospitality grant is available to an eligible arts, entertainment or recreation business,
as well as an eligible accommodation or food service business such as a hotel, restaurant or bar (NAICS code 71 and 72). - A reimbursement grant is available to an eligible business not classified in NAICS Code
71 and 72.
For Phase 2, the law was changed to make more businesses eligible for a grant. A business that received other COVID-19 relief may now be eligible for a grant in Phase 2.
Visit https://www.ncdor.gov/business-recovery-grant for more information and to apply.