EDA providing $3 billion in COVID resources for communities

Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future shocks. For more details and links to funding details, click here.

Getting COVID money? Municipalities must take these steps

The North Carolina League of Municipalities is sharing guidance from the U.S. Treasury on pre-award requirements for municipalities receiving direct funds. Learn the preparatory steps to take as a municipality at this link. 

Help with housing/utility payments for businesses and residents

Project HOPE will assist residents with rent and utility payments. Call 2-1-1 or go to https://nc211.org/hope/ to complete a request online.

MURR is the Mortgage, Utility and Rent Relief Program for small businesses. For information and updates, click here .

COVID-19 information from North Carolina

Click here for the state's COVID-19 information hub. You can navigate to the information from the Department of Health and Human Services, ReadyNC for COVID-19 and hurricane information, and various other resources.

Small business COVID-19 resources

NC Commerce Main Street and Planning's website has a wealth of COVID-19 information. Click here for resources on small business recovery along with guides, tips and advice on a variety of related topics.

Additionally, if your business or nonprofit experienced interruption due to COVID-19, the Department of Commerce's new Job Retention Grant may be able to offer assistance. Click here for more information.

North Carolina Pandemic Recovery Office

NCPRO plays a vital role as the state works to recover from the effects of the pandemic. From coordination distribution of funding to sharing valuable information, NCPRO is a vital source. Click here for details.

Access $1.5 billion in EDA COVID-19 funding

The U.S. Department of Commerce's Economic Development Administration (EDA) has released the Notice of Funding Opportunity (NOFO) and accompanying guidance determining how the $1.5 billion in federal funding that EDA received in the Coronavirus Aid, Relief and Economic Security (CARES) Act will be distributed and made available to communities across the country to support coronavirus response and economic recovery.

To access the EDA CARES Act website, click here. For frequently asked questions on grants and loans, click here. For NOFO and grant/loan application materials, click here.

Is your business eligible for loans?

The U.S. Chamber of Commerce has a small business guide and checklist. Click here for questions and answers. See if your business is eligible for loans, how much you can borrow, what lenders are looking for and answers to more questions.

COVID-19 information, resources

North Carolina's Southeast (NCSE) Regional Economic Development Partnership has an information portal with details on funding and resources linked to COVID-19. For more information, click here. The information includes:

Summary of the Coronavirus Aid, Relief and Economic Security (CARES) Act

Summary of the Families First Coronavirus Response Act

The North Carolina Small Business and Technology Development Center also has a multitude of information on navigating your business through COVID-19. Click here for information.

NC Rapid Recovery: COVID-19 Aid

There is $15 million in funding available for small businesses who have suffered losses due to COVID-19. A consortium of public, private, and nonprofit partners have come together and launched this innovative recovery-lending program to help support entrepreneurs and stabilize North Carolina’s small business sector. Click here for information.

SBA COVID-19 Aid, Information

Also, the Small Business Administration has granted disaster declaration for the entire state of North Carolina in response to COVID-19. They can now provide disaster assistance loans for small businesses impacted by COVID-19. For more information, click here.
For business relief resources from the Economic Development Partnership of North Carolina related to COVID-19, click here.
The N.C. School of Government blog has pertinent information about COVID-19. Access the information here.

FEMA Reimbursement for COVID-19

Eligible emergency protective measures taken to respond to the pandemic at the direction or guidance of public health officials may be reimbursed under Category B of FEMA's public assistance program. Click here for more information.