City of Goldsboro Small Business COVID-19 Grant Program2020-09-21T12:39:43-04:00

City of Goldsboro Small Business COVID-19 Grant Program

In response to the COVID-19 pandemic, the City of Goldsboro created a Small Business COVID-19 Grant Program to provide up to approximately 30 businesses with grants of $2,500 or $5,000, for a total of $100,000 in immediate relief. These grants are funded by money allotted to the City through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. 

To be eligible, businesses must meet all of the following criteria:

  • An independently owned and operated, for-profit business
  • Have more than one and less than 16 employees (full-time, part-time and seasonal)
  • Located within Goldsboro city limits
  • One or more business owners is a Wayne County resident
  • Existing commercial enterprise that has been in operation prior to March 10, 2020, with valid Tax ID and Employer Identification Number
  • Registered with the State of North Carolina and City of Goldsboro to do business
  • Experienced layoffs, furloughs, expenditures or loss of revenue due to COVID-19
  • Must be in good standing with all federal, state and local governments

Businesses that meet any one of the following criteria are not eligible:

  • Financial institutions, non-profit, or home-based businesses
  • Bankruptcy and recent charge-offs
  • Other ineligible business types outlined by the SBA here: https://bit.ly/32sQ8WT

Given the limited scope of the grant program, the aid is targeted to businesses located in Goldsboro with at least one owner being a Wayne County resident.

 

Yes, as long as at least a share of the business is owned by a Wayne County resident, you are eligible to apply.

 

The $100,000 program will provide grants for up to approximately 30 small businesses.

 

Grant awards

  • $2,500 to employers with 2-8 employees
  • $5,000 to employers with 9-15 employees

 

The funds must be spent by December 30, 2020.

 

These are grants, not loans, and will not have to be repaid unless there are unspent grant funds as of December 30, 2020, or if the program’s rules are not followed.

If there are unspent funds as of December 30, 2020, that money would have to be returned to the City of Goldsboro.

 

Each awardee is required to track expenses and will be required to submit a final accounting form documenting the use of grant funds by January 20, 2021. This accounting form is subject to an audit by the City. If funds are spent on something other than the eligible uses, that money will have to be paid back.

 

Eligible expenses include using the money for rent, utilities, expenditures related to normal business operations, to hire or rehire staff displaced because of COVID-19 or to purchase equipment or supplies that help you ensure you meet social distancing and sanitation guidelines. Examples could include equipment or supplies, like masks, gloves, face shields, social distancing markings, curtains to provide separation for customers or sneeze guards that you ordinarily wouldn’t have purchased if COVID-19 had never happened.

The grant funds can’t be used for anything that isn’t related to COVID-19. This includes paying car payments or purchasing equipment or material that you would use in the course of everyday business had COVID-19 never happened. You also cannot use the funds to pay the salary of the business owner(s).

We suggest you consult with a tax professional if you have questions about taxes or how this impacts your business.

 

The grant fund is being established from an allocation the City of Goldsboro received from the Coronavirus Aid, Relief and Economic Stability (CARES) Act via the Coronavirus Relief Fund (CRF) and approved by the Wayne County Board of Commissioners.

 

The U.S. Treasury Department’s guidance for CARES Act funds allows local governments to provide grants to small businesses whose operations have been interrupted by local and state closures and restrictions implemented due to COVID-19. We believe it is important to allocate a portion of the CARES Act funds to provide a lifeline to the small business community.

 

Small businesses can apply Monday, Sept. 21 through Friday, Oct. 2 at 5 p.m. The application is available at https://www.goldsboronc.gov/city-manager/goldsboro-small-business-relief-program-application/.

Recognizing that the demand will likely exceed the available funding, the city will work with Wayne Community College (Small Business Center) to collect all applications by October 2  and then, using a randomized lottery system, the awardees will be chosen without any personal or political considerations.  

 

 

A representative from the City Manager’s Office will notify all grant awardees via email and make one telephone call to follow up. The lottery selection will take place the week of October 5, with selected businesses being notified during the week of October 12. Please make sure to regularly check your email and any spam filters after October 12.

If you do not receive a call or email from the City Manager’s Office, you have not been selected for the program.

All applicants need to provide the following: 

  • NCDOR Sales/Use Tax ID # and Employer Identification Number (EIN)
  • 2020 Cash Flow Statement (sample: https://bit.ly/35NVCxR)
  • Latest Corporate Tax Return or Schedule C
  • Wayne Community College Small Business Client Form (https://bit.ly/2ZBHRhv)

 

Your application would be disqualified and another awardee would be randomly selected.

 

The City’s Finance Department will mail a check to each grant recipient. 

There is a limited amount of funds available at this time, but there is the possibility of a future small business grant program being established if more federal aid is disbursed and allows for such a program again.

All applicants qualify for additional assistance from the Reboot, Recover and Rebuild (R3) Program through the Small Business Center at Wayne Community College.

We will collect applications Sept. 21 through Oct. 2 and disburse the funds to the selected businesses during the week of Oct. 12. 

 

For questions about the grant program, contact Octavius Murphy, assistant to the city manager, at 919-580-4351 or omurphy@goldsboronc.gov.

 
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