Business Recovery Grant Program by NCDOR (2021-2022)

Written by startup news

January 31, 2022

Apply for the Business Grant Program hosted by the NCDOR and use this opportunity to grow your business by wining this business grant. This program will issue a one-time payment to an eligible North Carolina Business that experienced a significant loss during the COVID-19.

Check Details and Eligibility Criteria for more information and hurry before the deadline arrives!

Sponsoring Agency: NCDOR

Type of Fund: Grant

Deadline: January 31, 2022

Details:  

Two types of grants will be available to an eligible business that suffered an economic loss of at least 20 percent during the pandemic:

  • A hospitality grant will be available to eligible art, entertainment, and recreation business, as well as eligible accommodation and food service businesses such as a hotel, restaurants, and bars (NAICS codes 71 and 72).
  • A reimbursement grant will be available to an eligible business not classified in NAICS Code 71 and 72 that did not receive funding from other relief programs including the Paycheck Protection Program, COVID-19 Job Retention Grant, and EIDL Advance.

Eligibility Criteria

To receive a Hospitality Grant, you must be:

  • A business must be classified in NAICS code 71 or 72
  • A business must have suffered an economic loss of at least 20% (Calculated using gross receipts reported on North Carolina Sales and Use Tax Return and IRS Form 1065)
  • A business must be subject to North Carolina income tax

To receive a Reimbursement Grant, you must be:

  • A business is not classified in NAICS code 71 or 72
  • A business did not receive relief from other relief programs including the Paycheck Protection Program, COVID-19 Job Retention Grant, and EIDL Advance
  • A business must have suffered an economic loss of at least 20% (Calculated using gross receipts reported on North Carolina Sales and Use Tax Return and IRS Form 1065)
  • A business must be subject to North Carolina income tax

For more information, visit here.

You May Also Like…

0 Comments

Submit a Comment

Your email address will not be published.