The Mitchell County Development Foundation is providing disaster relief assistance to affected businesses not only in Spruce Pine and Bakersville but also, critically, in other areas outside of these municipal districts.
Donor Name: Mitchell County Development Foundation
State: North Carolina
County: Mitchell County (NC)
Type of Grant: Grant
Deadline: 04/15/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Mitchell County Development Foundation is a community-based organization created to raise tax deductible funds that support businesses in Mitchell County, North Carolina.
Businesses across Mitchell County applied for funding based on specific criteria laid out by the Foundation, including damages to real property, fixtures, and business equipment.
Funding Information
- Total funding available $191,500.00
- The Mitchell County Small Business Resiliency Grant Program will provide grants from $1,000.00 up to $25,000.00.
Eligibility Criteria
To be eligible to receive a grant from the Foundation, any business applying for a grant must satisfy the following requirements:
- Be a business that has a “brick and mortar” location in Mitchell County that has sustained significant storm damage from Hurricane Helene. Significant damage may include damage to real property, fixtures, and/or business equipment.
- Be a business that was in operation in Mitchell County at the time of Hurricane Helene and at least one year prior to September 27, 2024. For the purposes of these grants, a “business” means any of the following: individual (sole proprietorship), partnership, corporation (S or C), or limited liability company. Non-profits are not eligible.
- Demonstrate financial hardship to recover, i.e., insurance or other grant funding sources will not cover loss.
- Demonstrate intentions to repair damage for the purpose of reopening its business in Mitchell County.
- Provide all information required on the application, plus supporting documentation if requested including, but not limited to, providing a brief budget outlining use of funds with timeline for completion, a completed and signed 2023 Tax Return, and completed and signed IRS Form W-9.
- Agree to be bound by these terms and conditions, and the terms of any grant agreement.
- This grant cycle is open to new applicants and previous applicants (whether they received funding in the first round or not) based on continuing demonstrated need.
For more information, visit MCDF.
