The Nash County Economic Development Department is committed to providing resources and advice for the business community amid this unprecedented COVID-19 pandemic. We would also like to recognize to additional community partners; Nash Community College Small Business Center and the The Rocky Mount Area Chamber of Commerce for additional resources and opportunity’s to assist.
This list will be updated frequently over the coming months to provide our businesses with the timeliest information available.
The Economic Development Department Office is open and fully operational to meet the needs of our businesses. If you have any questions or need any assistance, don’t hesitate to give us a call at 252-462-2027
If you need additional information or resources please email us at email@example.com
Stay Ahead of the Curve (Updated 12/21/20)
North Carolina is taking a three-phased approach to lift restrictions in place to slow the spread of COVID-19. North Carolina moved into Phase 3 on October 2, 2020.
Financial Resources (UPDATED 1/11/21)
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses to keep workers employed.
- NCMEP Emergency Assistance Program: provide grant funded services that support manufacturers’ ability to respond to the coronavirus. NCMEP EAP survey to check for eligibility
- Job Retention Grant (Closed 10/15/20)
- Online Job Retention Grant (JRG) application
- New press release and information on JRG 8/13/20
- SBA Emergency Loan Overview and Comparison
- Lowe’s-LISC Partnership: Apply for a Grant to Receive Assistance
- CARES Act Emergency Loan Guide and Checklist for Small Businesses
- Paycheck Protection Program (PPP) closed August 8th, 2020
Paycheck Protection Program
Paycheck Protection Program resumes January 11, 2021. Click here for more information or access applications through links below.
EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program (UPDATED 1/11/21)
Borrower-friendly PPP loan forgiveness application. EZ version of the forgiveness application applies to borrowers that: are self-employed and have no employees; OR did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number of hours of their employees; OR experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.
- Frequently Asked Questions about PPP Loan Forgiveness (10-13-20)
- SBA Forgiveness Application
- SBA EZ Forgiveness Application
The Small Business Administration (US SBA) has authorized North Carolina as a designated state for access to Economic Injury Disaster Loans (EIDL’s) for local small businesses.
The SBA’s Economic Injury Disaster Loans and Advance Program Reopened to all eligible small businesses and non-profits impacted by COVID-19 (UPDATED 6/16/20)
- EIDL Fact Sheet
- APPLY HERE
- Step by Step instructions
- List of Lenders and Micro Lenders serving North Carolina Small Businesses
SBA Triangle Area (Raleigh)
Senior Area Manager
919-532-5525 or 202-741-7097
City of Rocky Mount Small Business Assistance Grant (UPDATED 1/4/21)
Small businesses are eligible if have fewer than 25 employees and are based in the City of Rocky Mount. Eligible and interested small businesses are invited to apply for CARES Act CDBG-CV funding to assist in preparation, prevention and response to coronavirus.
United Way COVID-19 Urgent Relief Grant (1/20/21)
COVID-19 Urgent Grant Requests must be $3000 or less and will be used to meet the urgent needs of local citizens/clients impacted by COVID-19. We encourage you to focus on meeting health and human needs like food, shelter, financial/ family stability, as well as, early childhood, youth, senior, and special population supports. Partnership with other agencies is highly encouraged for maximum impact. Equipment requests will not be considered. United Way will request a FINAL REPORT that will ask how the funds were used, numbers served, and positive impact on your clients.
To be eligible for a United Way Tar River Region Urgent Relief Grant, an Organization must certify that they meet all of the following minimum requirements:
Governor Cooper Announces Additional $40 Million COVID Relief for Small Businesses (ADDED 9/23/20)
Some North Carolina small businesses that have experienced extraordinary disruption to their operations due to the COVID-19 coronavirus pandemic may benefit from a $40 million relief program to help offset fixed costs like rent, mortgage interests and utility bills, Governor Roy Cooper announced today.
“Small businesses are the backbone of our economy – powering our local communities and giving back in so many ways. They deserve our support, and this new initiative can help them weather this tough time,” said Governor Cooper.
The N.C. Mortgage, Utility and Rent Relief (MURR), administered by the North Carolina Department of Commerce, can provide up to $20,000 in relief funds per qualifying business location. Business applicants from certain industry sectors that have not been able to operate during the COVID period may apply for up to two of their business locations.
Applicants can apply for up to four months of mortgage interest or rent expenses, and utility expenses. The help offers relief for some of the fixed costs a business cannot easily control on its own. Applications to the program should open next week and will be handled on a first-come, first-served basis. Applicants must certify that they were closed during the period April 1 through July 31, 2020; they expect to be able to operate after the COVID crisis has passed; and they have not been reimbursed by any other federal source for the expenses for which they seek reimbursement through this program.
Eligible applicants include:
- Amusement parks
- Banquet Halls (with catering staff)
- Bars, taverns, night clubs, cocktail lounges
- Bingo parlors
- Bowling alleys/centers
- Dance halls
- Indoor fitness and recreation centers
- Motion picture/movie theaters (except drive-ins)
For additional information on the program, visit www.nccommerce.com/murr.
EDA CARES Act Recovery Assistance
EDA CARES Act funds were appropriated under the Economic Adjustment Assistance (EAA) Program. The EDA will accept applications for grants to support a wide variety of assistance including:
- Planning and Technical Assistance
- Capitalization and Recapitalization of Revolving Loan Funds, which provide access to capital for businesses
- Construction of infrastructure and other economic development projects
- Innovation grants
To learn more about EDA CARES Act Recovery Assistance, click here.
NC COVID-19 Rapid Recovery Loan Program (Application period has ended)
NC COVID-19 Rapid Recovery Loan Program was launched March 24, 2020 with an initial allocation of $15 million provided by the Golden LEAF Foundation. An additional $125 million has been appropriated to Golden LEAF for the NC COVID-19 Rapid Recovery Program. To learn about the NC COVID-19 Rapid Recovery Loan Program for eligible businesses and more available resources from Golden LEAF, click here.
Additional Resources (Updated 12/29/20)
Current USDA flexibilities and programs for farmers and ranchers include: Coronavirus Food Assistance Program, Dumped Milk, Crop Insurance Flexibilities, Farm Loan Flexibilities, Commodity Loan Flexibilities, Crop Acreage Reporting, and Animal Mortality.
Site also details the SBA’s PPP and EIDL program available to agricultural producers and resources for conducting business online.
Click here for US Department of Commerce website Restore your Economy. RestoreYourEconomyis your resource for up-to-date information related to COVID-19 and its economic impacts. It is managed by the International Economic Development Council (IEDC) with generous support from the U.S. Economic Development Administration and IEDC’s Economic Development Research Partners program.
COVID-19 Business Impact Survey
Nash County Business Retention COVID-19 Survey. Nash County believes each business is vital to the success in our local economy. We understand that the COVID 19 pandemic has increased undue hardships on area businesses and we want to know how we can help. We would like ask you to complete a brief 5 minute survey for us to better understand the needs of your business and your employees. This will allow us to provide you with the most appropriate resources.
Operational and Staffing Resources
NC Works can assist businesses with closing and/or layoffs and provide information for employees on how to file for unemployment insurance and additional job opportunities that may be available within the community. Contact: Diane Thomas, Rocky Mount NC Works Office 252-977-3306
Unemployment options due to COVID-19- The Department of Commerce Division of Employment Security has been directed not to allocate charges to employers for individuals who are paid benefits due to the effects of COVID-19 outbreak. For additional information please click here.
COVID-19 web portal, with information from across State government, including public health, unemployment, parks, courts, state offices like DMV, and more.North Carolina COVID-19 Response: COVID-19 Information from Across State Government