September 29, 2020
The impacts from the COVID-19 pandemic continue to be felt by small businesses in many different ways. In order to help lessen those impacts, relief funds and other programs have been developed to help them continue to provide goods and services to their community as well as create and maintain job opportunities.
On September 22, 2020, Governor Cooper announced a $40 million COVID Relief program for small businesses to help offset fixed costs like rent, mortgage interests and utility bills. These fixed costs are long-term commitments that must be met by the business in order to operate. Each qualifying business may be eligible for up to $20,000 in relief funds from the N.C. Mortgage, Utility and Rent Relief (MURR) program administered by the NC Department of Commerce. “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.
Eligible applicants include, but are not limited to, banquet halls (with catering staff), bars, indoor fitness and recreation centers, movie theaters and museums. In order to receive reimbursement through this program, 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 they are seeking to get covered through the MURR Program.
Applications will be handled on a first-come, first-served basis. Businesses can learn more about the MURR Program and the application schedule and process by registering for one of the free educational webinars offered by the NC Department of Commerce on their website.