CONCORD, N.C. — The deadline for Cabarrus County small businesses impacted by COVID-19 to apply for one-time grants of up to $10,000 is Friday.
Officials say Cabarrus County has dedicated $5 million in American Rescue Plan Coronavirus State and Local Fiscal Recovery Funds to the program, which could help up to 500 struggling businesses.
Officials say qualifying expenses include:
- Payroll and benefit costs.
- Mortgage/rent.
- Utilities.
- Operating costs.
- COVID-19 prevention.
Officials say eligible businesses must:
- Have a location within Cabarrus County that opened before January 1, 2020.
- Operate as a for-profit agency.
- Have an independent owner/operator.
- Employ 50 or fewer workers.
- Demonstrate loss of revenue due to COVID-19.
- Be in good standing with all Federal, State and local governments (taxes, etc.).
- Provide 2019 and 2020 Federal tax returns with their application.
- Meet County vendor onboarding requirements.
Deputy County Manager Rodney Harris is part of the team that developed the program to help meet the needs of struggling small businesses.
“It’s a step toward recovery,” Harris said. “Small business owners who can show a direct hit to their bottom line can benefit from the funding. I encourage them to learn more about the program and submit an application.”
Officials say the county will review applications and allocate funding after the October 15th deadline.
Click here to learn more and apply.