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North Carolina -- March 2, 2022: On March 1, the North Carolina Department of Revenue began distributing
some business recovery grant payments.
The NCDOR was authorized by the American Rescue Plan State Fiscal Recovery Fund to distribute two types of grants to businesses that suffered economic loss during the pandemic: a Hospitality Grant and a Reimbursement Grant.
As of March 1, eligible businesses that applied for the Business Recovery Grant (BRG) program prior to the Jan 31, 2022 deadline, and were approved for a grant of $50,000 or less can expect to receive payment in the coming days. The two types of grants available were:
Hospitality Grant: For an eligible arts, entertainment, or recreation business, as well as an eligible accommodation or food service business such as a hotel, restaurant, or bar (NAICS code 71 and 72).
Reimbursement Grant: For an eligible business not classified in NAICS Code 71 and 72 and that did not receive funding from other relief programs including Paycheck Protection Program, COVID-19 Job Retention Grant, and EIDL Advance.
The following is from North Carolina Department of Revenue Press Release:
Last week, the N.C. Department of Revenue temporarily paused accepting applications for Phase 2 of the Business Recovery Grants as the General Assembly considers increasing eligibility for additional types of businesses. Legislation creating the Business Recovery Grants limited eligibility to businesses that collect sales tax and made ineligible certain types of service businesses that were severely impacted by the pandemic. Legislative leaders and Governor Cooper have expressed willingness to examine eligibility before remaining funds are awarded.
The NCDOR funds public services benefiting the people of North Carolina. The department administers the tax laws and collects the taxes due in an impartial, consistent, secure, and efficient manner.
Wnctimes by Marjorie Farrington
