The Nash County Economic Development Department is committed to providing resources and advice for the business community amid this unprecedented COVID-19 pandemic. We would also like to recognize to additional community partners; Nash Community College Small Business Center and the The Rocky Mount Area Chamber of Commerce for additional resources and opportunity’s to assist.
This list will be updated frequently over the coming months to provide our businesses with the timeliest information available.
The Economic Development Department Office is open and fully operational to meet the needs of our businesses. If you have any questions or need any assistance, don’t hesitate to give us a call at 252-462-2027
If you need additional information or resources please email us at firstname.lastname@example.org
Stay Ahead of the Curve (Updated 5/18/20)
Financial Resources (UPDATED 5/18/21)
- Duke Energy Progress Hometown Revitalization Grants
- Application open April 1- May 31
- NCMEP Emergency Assistance Program: provide grant funded services that support manufacturers’ ability to respond to the coronavirus. NCMEP EAP survey to check for eligibility
- Lowe’s-LISC Partnership: Apply for a Grant to Receive Assistance
- CARES Act Emergency Loan Guide and Checklist for Small Businesses
American Rescue Plan Act of 2021 (copied from the SBA) – 3/29/21
Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated:
“The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide essential services for our everyday lives, hire from within neighborhoods, and more. Our nation’s more than 30 million small businesses are the economic engine of this country and, in alignment with the Biden-Harris Administration’s focus on equitable treatment, the SBA will work tirelessly to ensure eligible borrowers will get access to this critical economic relief.”
The American Rescue Plan Act’s Small Business Assistance and Support
The American Rescue Plan Act provides additional relief for the nation’s small businesses and hard-hit industries for programs the SBA is currently administering and adds new efforts, including:
- $7.25 billion additional for the Paycheck Protection Program (PPP), including to expand eligibility to additional nonprofits and digital news services
- Additional funds are allocated for the Shuttered Venue Operators Grant (SVOG) program, and now allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG
- $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit
- NEW: $28.6 billion for the Restaurant Revitalization Fund for industry-focused grants
- NEW: $100 million to establish a Community Navigator pilot program; grants will go to eligible organizations supporting efforts to improve access to COVID–19 pandemic assistance programs and resources.
SBA’s current relief efforts can be found at www.sba.gov/coronavirusrelief, and more details about these program updates and new efforts the SBA will administer in the coming weeks will be located there as well.
SBA Triangle Area (Raleigh)
Senior Area Manager
919-532-5525 or 202-741-7097
Restaurant Revitalization Fund (RRF) (5/25/21)- Application period has ended
Once the application portal is opened to the public, the SBA will prioritize applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals during the first 21 days. Following this initial 21-day period, all eligible applicants are encouraged to submit applications.
Economic Injury Disaster Loan
Deadline to apply for COVID-19 pandemic Economic Injury Disaster Loan (EIDL) has been extended to 12/31/21
EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program (UPDATED 1/11/21)
Borrower-friendly PPP loan forgiveness application. EZ version of the forgiveness application applies to borrowers that: are self-employed and have no employees; OR did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number of hours of their employees; OR experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.
- Frequently Asked Questions about PPP Loan Forgiveness (10-13-20)
- SBA Forgiveness Application
- SBA EZ Forgiveness Application
City of Rocky Mount Small Business Assistance Grant (UPDATED 1/4/21)
Small businesses are eligible if have fewer than 25 employees and are based in the City of Rocky Mount. Eligible and interested small businesses are invited to apply for CARES Act CDBG-CV funding to assist in preparation, prevention and response to coronavirus.
United Way COVID-19 Urgent Relief Grant (1/20/21)
COVID-19 Urgent Grant Requests must be $3000 or less and will be used to meet the urgent needs of local citizens/clients impacted by COVID-19. We encourage you to focus on meeting health and human needs like food, shelter, financial/ family stability, as well as, early childhood, youth, senior, and special population supports. Partnership with other agencies is highly encouraged for maximum impact. Equipment requests will not be considered. United Way will request a FINAL REPORT that will ask how the funds were used, numbers served, and positive impact on your clients.
To be eligible for a United Way Tar River Region Urgent Relief Grant, an Organization must certify that they meet all of the following minimum requirements:
Governor Cooper Announces Additional $40 Million COVID Relief for Small Businesses (ADDED 9/23/20)
Some North Carolina small businesses that have experienced extraordinary disruption to their operations due to the COVID-19 coronavirus pandemic may benefit from a $40 million relief program to help offset fixed costs like rent, mortgage interests and utility bills, Governor Roy Cooper announced today.
“Small businesses are the backbone of our economy – powering our local communities and giving back in so many ways. They deserve our support, and this new initiative can help them weather this tough time,” said Governor Cooper.
The N.C. Mortgage, Utility and Rent Relief (MURR), administered by the North Carolina Department of Commerce, can provide up to $20,000 in relief funds per qualifying business location. Business applicants from certain industry sectors that have not been able to operate during the COVID period may apply for up to two of their business locations.
Applicants can apply for up to four months of mortgage interest or rent expenses, and utility expenses. The help offers relief for some of the fixed costs a business cannot easily control on its own. Applications to the program should open next week and will be handled on a first-come, first-served basis. Applicants must certify that they were closed during the period April 1 through July 31, 2020; they expect to be able to operate after the COVID crisis has passed; and they have not been reimbursed by any other federal source for the expenses for which they seek reimbursement through this program.
Eligible applicants include:
- Amusement parks
- Banquet Halls (with catering staff)
- Bars, taverns, night clubs, cocktail lounges
- Bingo parlors
- Bowling alleys/centers
- Dance halls
- Indoor fitness and recreation centers
- Motion picture/movie theaters (except drive-ins)
For additional information on the program, visit www.nccommerce.com/murr.
EDA CARES Act Recovery Assistance
EDA CARES Act funds were appropriated under the Economic Adjustment Assistance (EAA) Program. The EDA will accept applications for grants to support a wide variety of assistance including:
- Planning and Technical Assistance
- Capitalization and Recapitalization of Revolving Loan Funds, which provide access to capital for businesses
- Construction of infrastructure and other economic development projects
- Innovation grants
To learn more about EDA CARES Act Recovery Assistance, click here.
NC COVID-19 Rapid Recovery Loan Program (Application period has ended)
NC COVID-19 Rapid Recovery Loan Program was launched March 24, 2020 with an initial allocation of $15 million provided by the Golden LEAF Foundation. An additional $125 million has been appropriated to Golden LEAF for the NC COVID-19 Rapid Recovery Program. To learn about the NC COVID-19 Rapid Recovery Loan Program for eligible businesses and more available resources from Golden LEAF, click here.
Additional Resources (Updated 12/29/20)
Current USDA flexibilities and programs for farmers and ranchers include: Coronavirus Food Assistance Program, Dumped Milk, Crop Insurance Flexibilities, Farm Loan Flexibilities, Commodity Loan Flexibilities, Crop Acreage Reporting, and Animal Mortality.
Site also details the SBA’s PPP and EIDL program available to agricultural producers and resources for conducting business online.
Click here for US Department of Commerce website Restore your Economy. RestoreYourEconomyis your resource for up-to-date information related to COVID-19 and its economic impacts. It is managed by the International Economic Development Council (IEDC) with generous support from the U.S. Economic Development Administration and IEDC’s Economic Development Research Partners program.
COVID-19 Business Impact Survey
Nash County Business Retention COVID-19 Survey. Nash County believes each business is vital to the success in our local economy. We understand that the COVID 19 pandemic has increased undue hardships on area businesses and we want to know how we can help. We would like ask you to complete a brief 5 minute survey for us to better understand the needs of your business and your employees. This will allow us to provide you with the most appropriate resources.
Operational and Staffing Resources
NC Works can assist businesses with closing and/or layoffs and provide information for employees on how to file for unemployment insurance and additional job opportunities that may be available within the community. Contact: Diane Thomas, Rocky Mount NC Works Office 252-977-3306
Unemployment options due to COVID-19- The Department of Commerce Division of Employment Security has been directed not to allocate charges to employers for individuals who are paid benefits due to the effects of COVID-19 outbreak. For additional information please click here.
COVID-19 web portal, with information from across State government, including public health, unemployment, parks, courts, state offices like DMV, and more.North Carolina COVID-19 Response: COVID-19 Information from Across State Government
We ask that you continue to support local restaurants by participating in curb-side service. A complete list of county restaurants with “to-go” dining options can be found on the Explore Nash County website.