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
Shuttered Venue Operators Grant- Applications close 8/20/21
- Grant provides emergency assistance for eligible venues affected by COVID-19. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
- More information on Shuttered Venue Operators Grant
Additional Financial Resources
- City of Rocky Mount Small Business Assistance Grant. 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.
- 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
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
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.
Economic Injury Disaster Loan
Loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.
As of September 9, 2021, SBA has raised the cap on EIDL borrowing to $2 million, is offering 24 months of deferment, and expanding flexibility to allow borrowers to pay down higher-interest business debt. Other changes include a 30-day exclusivity window for small businesses interested in loans for under $500,000 before the agency begins accepting applications for the new maximum (which it will start doing on October 8th).
PPP Loan Forgiveness
Applications for PPP Forgivable Loans has ended. If received a loan, can still apply for forgiveness:
Governor Cooper Announces Additional $40 Million COVID Relief for Small Businesses
Program is no longer accepting new applications for the Mortgage, Utility, and Rent Relief (MURR) Program
For additional information on the program, visit www.nccommerce.com/murr.
Restaurant Revitalization Fund (RRF)
Application period has ended
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.
Click here for Coronavirus and USDA Assistance for Farmers. (USDA has temporarily suspended debt collections, foreclosures, and other activities on farm loans)
RestoreYourEconomy is 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.