DOR begins mailing recovery checks
The N.C. Department of Revenue today began mailing one-time Business Recovery Grant payments to approved North Carolina businesses that applied to the program prior to the Jan. 31 deadline. Businesses approved for a grant of $50,000 or less can expect to receive payment in the coming days.
The BRG program is funded by the federal American Rescue Plan (ARP) State Fiscal Recovery Fund.
“A number of small businesses were hit hard by the pandemic and these funds can help them recover and thrive. I appreciate the work to get checks out as quickly as possible while we work with legislative leaders to expand eligibility to more businesses,” said Gov. Roy Cooper.
Two types of grants were available to businesses that suffered an economic loss of at least 20 percent during the pandemic:
• 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 grant amount is a percentage of the economic loss demonstrated by the eligible business or $500,000, whichever is less. Applicants that were not approved will be notified.
