The Historically Underutilized Businesses (HUB) Office is offering another round of RETOOLNC grant funds for certified HUBs or disadvantaged business enterprise (DBE) firms impacted by COVID-19.
Donor Name: NC Department of Administration Office for Historically Underutilized Businesses
State: North Carolina
Type of Grant: Grant
Deadline (mm/dd/yyyy): Ongoing
Size of the Grant: up to $25,000
Details:
Eligible businesses are certified HUB and DBE firms with 50 employees or less. Grants are ONLY available to certified businesses with $1,500,000 or less in gross revenue, according to 2020 tax filing.
Funding Information
The grant award will be provided at $10,000 base. Amounts greater than $10,000 will be based on an average of four months operating expenses from 2020 business tax returns.
Eligibility Criteria
- Business must be an independent business located in North Carolina
- For-profit businesses
- Franchises (if franchisor is independent and locally owned)
- Have been operating on or before February 2019
- Be certified with NCHUB or NCDOT DBE
- Business with up to 50 employees
- Not have annual revenues exceed $1,500,000
- Not have any active bankruptcies or tax liens
- Not be delinquent on North Carolina State income taxes
- Detailed statement of how the business has been impacted due to COVID-19
- Engages in legal activity
For more information, visit Historically Underutilized Businesses.