North Carolina Governor Stein Unveils $14M Grant for Small Businesses

UPDATE: North Carolina Governor Josh Stein has just announced a transformative $14 million grant package aimed at revitalizing small businesses in the western regions of the state. This urgent funding is part of an ongoing effort to boost economic recovery following the devastation caused by Hurricane Helene.

In a press release from the governor’s office, it has been confirmed that 19 projects will benefit from the SmBIZ program, designed to enhance local infrastructure crucial for business operations. Governor Stein emphasized the importance of these funds, stating, “This new round of local government recovery grants is a much-needed shot in the arm to the main streets that businesses depend on.”

The grants, administered by the North Carolina Department of Commerce’s Rural Economic Development Division (REDD), are aimed at repairing vital infrastructure, including water, sewer, gas, and telecommunication systems, as well as improving sidewalks and stormwater systems. Recent repair initiatives are already underway in locations like Bryson City and Maggie Valley, where urgent repairs have been made to restore utility services disrupted by flooding.

As part of these efforts, Governor Stein has urged REDD to revise grant protocols, allowing recipients to access a portion of funds upfront to expedite project initiation. Commerce Secretary Lee Lilley praised these investments, stating, “These investments are helping Helene-impacted communities rebuild stronger, safer, and more resilient local economies.”

Assistant Secretary for Rural Development, Reginald Speight, also highlighted the human impact of these upgrades, noting, “Every repaired sidewalk, every replaced water line, and every restored main street represents hope and economic opportunity.”

The second round of funding includes vital infrastructure projects, such as the restoration of historic brick sidewalks in Asheville’s Biltmore Village, improvements to pedestrian ramps for ADA accessibility, and stormwater enhancements in Spruce Pine to protect local businesses. Additionally, emergency repairs are set to address a compromised sewer pipe and bridge structure in Maggie Valley, with a significant $1 million allocated to replace a critical water main beneath the Tuckasegee River in Bryson City.

While these grants are a significant step toward recovery, the fight against the impacts of Hurricane Helene is ongoing. Approximately $32 million remains available for local governments in affected counties. REDD is actively accepting new applications, urging interested parties to visit the Commerce Department’s website for additional details and submission guidelines.

Stay tuned for further updates as North Carolina continues its recovery journey.