RETOOLNC Grant Program Third Round of Funding

Details
Wed, Jun 29, 2022
10:00 am - 4:00 pm
2022-06-29T10:00:00-04:00
2022-06-29T16:00:00-04:00
This event has already occurred.
online
Free
Contact
NC Dept. of Administration
Information

The North Carolina Department of Administration’s Office for Historically Underutilized Businesses (HUB) has opened applications for grant funds for certified HUBs and disadvantaged business enterprise (DBE) firms impacted by COVID-19. 

The RETOOLNC program awards up to $25,000 to eligible certified small, underutilized businesses to help with pandemic recovery efforts. 

To qualify for RETOOLNC funds, North Carolina businesses must:

  • Have been in operation since February 2019
  • Be certified with NCHUB or NCDOT DBE 
  • Be an independent business located within North Carolina 
  • Be a business with 50 employees or fewer (includes sole proprietorships, home based businesses, and independent contractors) 
  • Not have annual revenues exceeding $1,500,000 
  • Not be delinquent on North Carolina State income taxes 
  • Not have any active bankruptcies or tax liens 
  • Be a for-profit business 
  • Be an independent franchisor and locally owned, if it is a franchise 
  • Provide a detailed statement of how the business has been impacted due to COVID-19 
  • Be engaged in legal activity