Phase Two of the Business Recovery Grant Program Launches on May 2
$200 Million Remains Available as Categories of Eligible Businesses Expand
Raleigh, N.C. Apr 12, 2022
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The N.C. Department of Revenue (NCDOR) plans to launch the application for Phase 2 of the Business Recovery Grant (BRG) program on Monday, May 2, 2022, with changes to the program’s eligibility criteria allowing many additional businesses to qualify for these grants. BRG will issue a payment to an eligible North Carolina business that suffered an economic loss of at least 20 percent during the pandemic. The grant amount is a percentage of the economic loss demonstrated by the eligible business or $500,000, whichever is less. The application deadline is June 1, 2022.
“Barbers, cosmetologists, gyms and other service providers were hit hard by the pandemic and it’s important to expand these grants to help them too,” said Governor Roy Cooper. “Our small businesses are the backbone of our economy and strong support for them is critical.”
Many businesses excluded in Phase 1 are eligible to apply in Phase 2. In addition to COVID-impacted businesses in the hospitality industry such as restaurants and hotels, the BRG is now open to other businesses affected by the pandemic such as:
Farmers and Agribusinesses
Gyms and Personal Training businesses
Salons and Barbershops
Massage Therapy businesses
Interior Design businesses
Tailor and Dry Cleaning businesses
If you are interested in opportunities in Reidsville and the availability of office/retail locations, visit our website at rockitinreidsville.com or reach out to Jeff Garstka - Economic Development Director at firstname.lastname@example.org or 336.660.8119.