The North Carolina Department of Administration’s Office for Historically Underutilized Businesses (HUB) has opened applications for grant funds for certified HUBs and disadvantaged business enterprise (DBE) firms impacted by COVID-19.
The RETOOLNC program awards up to $25,000 to eligible certified small, underutilized businesses to help with pandemic recovery efforts.
To qualify for RETOOLNC funds, North Carolina businesses must:
- Have been in operation since February 2019
- Be certified with NCHUB or NCDOT DBE
- Be an independent business located within North Carolina
- Be a business with 50 employees or fewer (includes sole proprietorships, home based businesses, and independent contractors)
- Not have annual revenues exceeding $1,500,000
- Not be delinquent on North Carolina State income taxes
- Not have any active bankruptcies or tax liens
- Be a for-profit business
- Be an independent franchisor and locally owned, if it is a franchise
- Provide a detailed statement of how the business has been impacted due to COVID-19
- Be engaged in legal activity
To learn more about the RETOOLNC initiative and how to register for the information session, visit the NC HUB Office website for details.
