Your business or nonprofit organization may be eligible for a grant from the NC Department of Commerce’s new Job Retention program, if you’ve experienced interruption due to the COVID-19 coronavirus pandemic. Your organization may qualify to receive these grant funds if:
Calculate your Job Retention Grant amount this way: take up to two months of your average monthly payroll costs from 2019, plus an additional 25% of that amount. The maximum grant amount is capped at $250,000.
And speaking of caps: The total of all funds granted under the Job Retention Grant Program may not exceed $15,000,000. If the total amount of grants requested by qualified applicants exceeds the maximum amount of funds available, each grant amount will then be reduced on a proportionate basis prior to the grants being awarded. So the applicant pool may have an impact on grant amounts, even beyond eligibility.
These are the classes of businesses and non-profit organizations that can apply for a Job Retention Grant.
The NC Department of Commerce is offering a comprehensive briefing on the Job Retention Grant (JRG) Program on Monday, August 17 at 11 AM. The briefing team will offer an overview of the program and point out important details for applicants to keep in mind. They’ll walk through the application process, and answer your questions.
As part of the application process, you’ll be asked to upload these documents:
You’ll also need the following information with you, before starting your application:
The NC Department of Commerce is accepting applications now until Tuesday, September 1, 2020 at 11:59pm. No applications will be accepted after that time. Grants will be awarded after the September 1 deadline, and the potential amount of each grant will not be determined until all applications have been reviewed and awarded.
Once your online application has been submitted, it cannot be revised.