Print
Banking & Finance

Grant Program For Small-town Small Businesses Announced

By Jenny Callison, posted Sep 22, 2020
Companies in rural communities have an economic lifeline opportunity they may not know about.
 
The Rural Relief Small Business Grant from LISC (Local Initiatives Support Corp.) and Lowe's provides one-time grants to businesses and enterprises in rural America that have been affected by COVID-19. LISC defines “rural communities” as having a population of 50,000 or less. and is interested especially in serving small businesses in underserved communities, including businesses owned by women, veterans and people of color.

“Applications are being accepted in ‘rounds,’” LISC officials stated in an announcement Tuesday released by Brunswick Community College’s Small Business Center. “You must submit a new application for each round in order to be considered for funding in that round. The next round opens on Monday, September 28th.”
 
Grants are made in the range of $5,000 to $20,000, according to information on the program’s website. Because they are not loans, they do not need to be repaid.

"Some businesses in Brunswick County have applied in previous rounds," said April Scott, director of BCC's Small Business Center. "It's about a seven- to nine-minute application process, and LISC is very specific about how the money can be used."

Although LISC developed this grant program several months ago in response to the problems small businesses have experienced because of the coronavirus, previous rounds of this grant program have not focused so specifically on small businesses in rural areas, Scott added.

Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses, and the final grantees will be randomly selected from the top-scoring applicants.
 
The Rural Relief Small Business Grant website provides more details on the program, which is funded by Lowe’s Companies Inc. An interactive map allows potential applicants to see whether their business location qualifies as rural.
 
Frequently asked questions, including about LISC, are answered here.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Michaelhiggins 41019104338

What Is A “Celebration Of Life” Service?

Michael Higgins - Dignity Memorial
Drewsmith copiersplus headshot

Sound Off: Forever Chemicals, Forever Unethical

Drew Smith - Copiers Plus
Tonyharrington wrar300x300

Democracy Is Not A Spectator Sport

Tony Harrington - Cape Fear REALTORS®

Trending News

Wilmington Company Acquired By McKim & Creed

Cece Nunn - Oct 26, 2020

Realtor Opens My Sister's Cottage At Mayfaire Town Center

Cece Nunn - Oct 27, 2020

Wilmington Port Reaches Major Container Ship Milestone, Making History

Christina Haley O'Neal - Oct 27, 2020

State Legislators Voice Opinions On Port Project

Christina Haley O'Neal - Oct 26, 2020

Ben Schachtman Joins WHQR Public Media

Christina Haley O'Neal - Oct 27, 2020

In The Current Issue

Info Junkie: Randall Johnson

Randall Johnson, executive director, Southeastern Office for the North Carolina Biotech Center and NCEDA president, shares his top info and...


Health Care Heroes: Nurse Practitioner / Physician Assistant

The Nurse Practitioner/Physician Assistant category honors a nurse practitioner or physician assistant whose performance is considered exemp...


NHC Commissioner Candidates

Voters can pick three of the six New Hanover County commissioner candidates, who share their viewpoints and goals here....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`