CABARRUS COUNTY, N.C. (FOX 46 CHARLOTTE) — Cabarrus County is now presenting a Compact Company Assist Application to local corporations with a lot less than 50 workers. Firms can utilize for up to $10,000 in grant revenue. The county is giving out $5 million, meaning they can assistance 500 organizations.
It’s the initially time Cabarrus County has available compact business pandemic aid. In May, they obtained their initially portion of American Rescue Program Point out and Community Fiscal Recovery Funds. Because March of 2020, the county has given out approximately $48 million in grant funds to renters and non-profits.
“There’s a ton of opportunity within just this to support,” explained Cabarrus County Communication Director Kasia Thompson. “There’s no way to know the exact want each and every small business has confronted. Their wants change and are as special as the firms by themselves, but we hope that this prospect aids up to 500 neighborhood companies discover the help they want at this important time.”
Shanell Varner owns her very own small travel company. She suggests the pandemic took a large hit on her profits.
“The earth literally stopped previous calendar year. Borders were being closed, men and women weren’t ready to travel, and even now that issues are gradually but absolutely choosing up, it’s not the identical as 2019 and prior,” said Varner.
Varner also serves as the Cabarrus Financial Progress Software Manager. Daily, she suggests she sees smaller businesses like her possess struggle.
“We get phone calls actually every day. People today are coming in and they are having difficulties. They’re having difficulties to maintain their doorways open. They’re struggling to pay back their men and women and stay operational,” she explained.
Varner states she is excited for small company proprietors to have the opportunity for some county-delivered relief. While some is improved than none, she and the county know 5 million won’t make up for all the reduction COVID has caused.
“I’m just energized that the county has the resources now. It came a pair months afterwards, but as you see, the need is fantastic,” claimed Varner.
Suitable corporations should:
- Have a spot inside Cabarrus County that opened right before January 1, 2020
- Function as a for-gain company
- Have an unbiased proprietor/operator
- Hire 50 or less personnel
- Show loss of profits due to COVID-19
- Be in fantastic standing with all federal, point out and nearby governments (taxes, etc.)
- Give 2019 and 2020 Federal Tax Returns with their application
- Meet up with County seller onboarding prerequisites
Corporations who have presently gained aid funding, like PPP, are nonetheless suitable to utilize for this grant, but preference may perhaps be given to individuals who have not still gained support.
Programs have to be submitted by October 15th. To apply, click listed here.
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