North Carolina Department of Revenue announces business recovery grant
PITT COUNTY, N.C. (WITN) - The North Carolina Department of Revenue announced on Thursday that it will begin accepting applications for business recovery grants.
Pitt County’s public information office says the NCDOR-administered program will issue a one-time payment to state businesses that meet the eligibility requirements and experienced an economic loss of at least 20% during the COVID-19 pandemic.
THE NCDOR lists two grant availabilities:
- The hospitality grant for an eligible arts, entertainment, or recreation business, or accommodation or foodservice business such as a hotel, restaurant, or bar (North American Industry Classification System code 71 and 72).
- The reimbursement grant for an eligible business not classified in NAICS code 71 and 72 and that did not receive funding from other relief programs including Paycheck Protection Program, COVID-19 Job Retention Grant, and EIDL Advance.
Pitt County says the grant amount is based on a percentage of the economic loss or $500,000, whichever is less.
Applications must be received by Jan. 31st, 2022.
Business owners can learn more and apply online here.
Pitt County business owners can learn more here.
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