The City of Winston-Salem is offering recovery grants to small businesses and non-profits in low-income areas of Winston-Salem that are in danger of ceasing operations.
Donor Name: City of Winston-Salem
State: North Carolina
City: Winston-Salem
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/18/2022
Size of the Grant: $25,000
Details:
Grants must go towards arrears for rent, mortgage, or utility payments. The funds are not intended to replace revenue and are limited in scope based on state law.
The City Council has allocated $3 million for the grants:
- $1 million for small businesses
- $1 million for small social service non-profits; and
- $1 million for small non-profits in the areas of travel, tourism, hospitality, and the arts.
Funding Information
Grants of up to $25,000 are available to eligible businesses with less than 25 full-time employees or the equivalent, and to non-profits with an annual operating budget of less than $1 million, not counting “pass-through” funds from other sources that are distributed to the non-profit’s clients.
Eligible Criteria
Small Businesses
- Independently owned (chains/franchises not eligible)
- No more than 25 full-time eligible employees or equivalent
- Be located within the city limits
- In business/fully functioning on or before January 1, 2020
- Have arrears in mortgage, rent, or utilities incurred before Nov. 15, 2021 (the date the City Council approved the program). Payments will only be made for obligations incurred before this date.
Non-Profits
- Have an organizational budget under $1,000,000, not including pass through assistance provided from other sources to recipients
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Have board approval to apply
- Must provide documentation showing service in or to low-to-moderate income areas (50 percent or more of clients living within QCTs or whose clients’ average household income is under $50,000
-
Be located within the city limits
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In business/fully functioning on or before January 1, 2020
- Have an arrear in mortgage, rent, or utilities incurred before Nov. 15, 2021 (the date the City Council approved the program). Payments will only be made for obligations incurred before this date.
For more information, visit Recovery Grants for Small Businesses and Non-Profits.
