American Rescue Plan Act Strategy
Businesses that have already received COVID-19 related financial assistance from either the state, federal or local governments are eligible to apply for this round of funding. Examples of these types of programs include Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Small Business Administration (SBA) Loan, Carrboro Small Business and Non-Profit Emergency Loan/Grant Fund.
Companies with outstanding local tax liabilities or tax liens as of February 1, 2021, or currently in bankruptcy (Corporate or Personal) are not eligible.
Ineligible businesses include, but are not limited to, companies involved in real estate investment, multi-level marketing, adult entertainment, or firearms.
Check out a video below for a testimony from local business Ketchie on how the funds will impact their business: