WILMINGTON, N.C. (WECT) – The N.C. Department of Revenue plans to apply the second phase to its Business Recovery Grant program.
Phase 2′s changes to the program’s eligibility criteria will begin on Monday, May 2, allowing multiple other business to qualify for financial losses accrued during the pandemic.
Around $203.5 million remained of the $500 million for the Phase 1 program that ended January 31, and NCDOR worked with the N.C. General Assembly to allow businesses who did not qualify for the first phase to receive aid.
“Our hope is that the expanded Business Recovery Grant program requirements will encourage more eligible North Carolina businesses to apply,” said NCDOR in a new state release. “These funds are available for eligible businesses that suffered a financial loss because of the pandemic and we want to make sure those businesses receive them.”
Per the N.C Department of Revenue’s press release, the following…
