NCDOR sending checks to small businesses
The N.C. Department of Revenue mailed checks to more than 3,900 North Carolina businesses awarded under Phase 2 of the Business Recovery Grant Program (BRG) on Thursday, Sept. 29.
Businesses will begin to receive payments in the coming days. Funded by the federal American Rescue Plan (ARP) State Fiscal Recovery Fund, the BRG program provides payment to eligible North Carolina businesses that suffered significant economic loss during the COVID-19 pandemic. Phase 2 of the BRG greatly expanded eligibility for businesses including gyms and fitness centers as well as professionals such as barbers and cosmetologists.
The application period for Phase 2 of the program ended on June 1, 2022. “Small businesses are the backbone of our economy, and Business Recovery Grants from the American Rescue Plan will help thousands of small businesses recover stronger,” said Governor Roy Cooper. The Department of Revenue launched Phase 2 of the BRG earlier this year after approximately $200 million of the $500 million in funds authorized for the program remained from Phase 1. In total, more than 7,000 North Carolina businesses will be helped by Business Recovery Grants. There were 3,406 grants awarded in Phase 1, and 3,931 grants awarded in Phase 2. For more information on this grant go online at NCDOR.gov
