Print
Government

Friday Deadline For County's $10K Small Business Grants

By Cece Nunn, posted Jun 1, 2020

The deadline is Friday for small businesses in New Hanover County impacted by COVID-19 to apply for $10,000 grants through a county program, according to an announcement Monday. 

Businesses with fewer than 25 employees are eligible for the grants, part of the $1.3 million Small Business Grant Program.

Other criteria:

  • At least one of the owners is a New Hanover County resident.
  • The business is an existing commercial enterprise that has been in operation for more than six months, with a valid tax ID.
  • The business has experienced layoffs, furloughs, expenditures or loss of revenue due to COVID-19.
  • The business is in good tax standing with all federal, state and local governments (or have a payment plan in place prior to March 10, when Gov. Roy Cooper declared a statewide state of emergency).

According to a news release, funds can be used to hire or rehire employees, and for expenses related to providing social distancing and enhanced sanitation measures to ensure safe reopening.

Those who fill out an an application will be placed in a lottery system that will randomly select 130 grantees to each receive $10,000.

“New Hanover County is committed to supporting businesses through safe reopening and recovery, and I appreciate the leadership of the board to prioritize our small business community and provide this important economic incentive,” said county manager Chris Coudriet in the release. “The county wanted to make these funds easy to access, so the application process is simple and takes only minutes to fill out. And we hope to have this money in the hands of 130 businesses within a matter of weeks.”

Wilmington Business Development (WBD) and Live Oak Bank will serve as third-party administrators of the program, with WBD collecting applications and Live Oak Bank disbursing the funds after awardees are selected, according to the release. The entities are providing their services for free.

After the application deadline June 5, businesses will be randomly selected through a computerized lottery system and will be notified around June 10.

Selected business will be required to provide additional documentation, and then the funds will be disbursed by mid- to late-June, the release stated.

New Hanover County was allocated a little over $4 million through the CARES Act to be applied toward expenses incurred in response to COVID-19, according to the release. On May 18, the New Hanover County Board of Commissioners approved a spending program that included the $10,000 grants.

"The grant program is explicitly allowed as a use of the funds, according to guidance from the U.S. Treasury Department," the release stated.

Learn more about the grant program, who is eligible and view a list of Frequently Asked Questions on the county's website.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

Share Your Feedback, Perceptions About Workforce Housing And Housing Affordability

Chris Coudriet - New Hanover County Government
Frankjolly liveoakprivatewealth

Roaring Market, Rocky Economy

Frank Jolley - Live Oak Private Wealth
Tonyharrington wrar300x300

Let’s #Rebuild Together

Tony Harrington - Cape Fear REALTORS®

Trending News

Cape Fear Sports Medicine Joining EmergeOrtho

Staff Reports - Sep 25, 2020

South College Road Property For Sale After Honda Dealership's Move

Cece Nunn - Sep 24, 2020

NHC Commissioners Look To Vote Oct. 5 On Hospital Sale

Vicky Janowski - Sep 25, 2020

Third ReStore In New Hanover County Helps Expand Habitat Capabilities

Jenny Callison - Sep 24, 2020

State's $40M Relief Program Could Help Local Businesses

Christina Haley O'Neal - Sep 24, 2020

In The Current Issue

Lumber Prices Through The Roof

The prices of lumber have increased exponentially over the past several months....


Connecting The Business Community Amid The Shutdowns

This year's WilmingtonBiz Conference & Expo is a little different, but still aims to help the area's business community make vital one-on-on...


Making Room For Outdoor Dining

Places to eat and drink are expanding outdoor spaces to accommodate more customers and help with increased revenue....

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`