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NC Now Accepting Applications for Second Round of Business Recovery Grants

NC Now Accepting Applications for Second Round of Business Recovery Grants

May 3, 2022

NC Now Accepting Applications for Second Round of Business Recovery Grants

The North Carolina Department of Revenue recently announced that Phase 2 of the Business Recovery Grant Program is now open. The program is for businesses that experienced a significant economic loss due to COVID-19.

The last day to apply is June 2. 

After Phase 1, there remained over $176 million in reimbursement grants and $27 million in hospitality grants.

Legislation passed by the General Assembly and signed by Governor Cooper in March made more businesses eligible to apply for a grant in Phase 2:

  • More businesses will be able to meet the 20% economic loss requirement
  • Businesses not eligible in Phase 1 because they previously received other COVID-19 relief may be eligible in Phase 2
  • Businesses that received a grant in Phase 1 that demonstrate additional economic loss may be eligible for an additional grant in Phase 2

Click here to learn more about the grant program including how to apply!

 

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