Business Recovery Grant Program: Phase 2
The North Carolina Dept of Revenue has launched phase 2 of the Business Recovery Grant Program beginning May 2nd, 2022. To qualify, the NCDOR will issue payment to an eligible North Carolina business that suffered an economic loss. An economic loss is the amount your gross receipts were reduced from March 1, 2019 through February 29, 2020 to the period March 1, 2020 through February 28, 2021. The reduction in gross income must exceed 20%. The grant is a percentage of the economic loss by the eligible business or $500,000.00, whichever is less. The application deadline is June 1, 2022.
For more information and to apply, go to www.ncdor.gov.
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