The City of Fayetteville seeks qualified businesses to submit applications in response to the Small Business Relief Grant Program (SBRGP). The SBRGP was established in response to the economic impacts experienced by small businesses as a result of the Covid-19 pandemic and its lasting impacts on local small businesses.
Funding for the SBRGP is made available by the American Rescue Plan Act of 2021 (ARPA) and will be administered by the City of Fayetteville. The goal is to provide financial assistance to small for-profit businesses with less than (200) employees (including the owner) at the time of application with up to $50,000 in grant funding (per grant), depending on the demonstrated pandemic impact on the business and reimbursable expenses demonstrated by the business. The Small Business Relief Grant Program consists of a Small Business Development and Retention Grant focusing on businesses impacted by COVID-19 and a Commercial Corridor Improvement Grant focused on improving storefronts in disproportionately impacted areas. Businesses that meet qualifications can apply to both grants.
This program will stay open until all funds have been allocated as per directed by the City of Fayetteville, or until December 31, 2024.
How do I Qualify?
- The business must possess the capacity to be successful with the use of American Rescue Plan Act funds.
- Businesses must be registered to a non-PO box and must operate out of a non-residential address
- If the business is a sole proprietorship or a partnership, each person owning an interest in the business must be at least 18 years old.
- The business must have a valid tax identification number consisting of the owner’s social security number if the business is a sole proprietorship or Federal Employer Identification Number if the business is other than a sole proprietorship; a State Employer Number; and a business bank account in the name of the business.
- If the business is a corporation, limited liability company, or limited partnership, it must be registered in good standing with the North Carolina Secretary of State.
- The business must not currently be in bankruptcy. If the business is a sole proprietorship or a partnership, no person owning an interest in the business may currently be in bankruptcy.
- The business is current with property taxes and any fees collected with property taxes or has a payment plan with the tax collector.
- Be currently in operation and located in the City of Fayetteville
- Be in a Qualified Census Tract or be willing to hire low-to-moderate income employees
- Not be suspended or debarred from the use of federal funds
- Intend to stay in business for the following 12 months
- Have less than 200 employees