WILMINGTON, N.C. (WWAY) — The City of Wilmington and New Hanover County are joining together to provide grant money for businesses who were hardest hit by the COVID-19 pandemic and subsequent restrictions on business.
The $4.5 million in the Hospitality, Retail, and Service Grants are available to local businesses in the county that meet program eligibility.
Grants will range from $10,000 to $50,000, and winners do not have to pay them back.
- Business is independent, locally owned, and physically located in New Hanover County.
- Businesses need to have been in operation for six months prior to March 2020.
- One or more business owners is a New Hanover County resident.
- The business has more than one employee (including full-time, part-time, and seasonal employees).
- Businesses must have a valid Tax ID.
- The business has experienced layoffs, furloughs, expenditures, or loss of revenue due to COVID-19.
- Business or registered agent does not have a pending bankruptcy.
- Business is in good tax standing with all Federal, State, and local governments or has a payment plan in place prior to March 10, 2020, when Governor Roy Cooper declared a statewide state of emergency.
- Business is not a financial institution, non-profit, or home-based business.
- Business is not disbarred or suspended from working in North Carolina.
The deadline to apply is Friday, July 30.