Alexander County among Revitalization Grant Recipients

From left to right: David Icenhour, CEO of EDC; Connie Kincaid, EDC Business Development Director; Robin Nicholson, Duke Energy District Director for Government and Community Relations; and Rick French, County Director.
Photo courtesy of Gary Herman, Alexander County Public Information Officer

The Duke Energy Foundation has distributed $ 750,000 in grants to help local businesses across North Carolina – from restaurants to retailers – adapt to unprecedented challenges caused by the pandemic. The Alexander County Economic Development Corporation (EDC) was one of 30 hometown revitalization grant recipients of $ 25,000.

The total represents a 50 percent increase from the $ 500,000 funding announced in April. A press release says this is due to the breadth and quality of funding requests. As a result, the Hometown Revitalization Grant will now support 30 communities statewide rather than the 20 originally planned at the start of the program.

In addition to Alexander County, the Lincoln County Economic Development Association received a hometown revitalization grant. Each community received $ 25,000 through a partnership with these local non-profit organizations. The administering entity will establish a small business support micro-grant program to deploy the funding within their local community. Micro grants can range from $ 500 to $ 2,500 per sole proprietorship.

Small businesses with 50 or fewer employees in Alexander County that have been affected by the COVID-19 pandemic are eligible to apply for the grant. Applications must be received by October 22, 2021. Awards will be announced on November 3, 2021. The Hometown Revitalization Grants Program was inspired by a successful collaboration between the Downtown Raleigh Alliance and Duke Energy which has provided nearly 100 showcase grants from downtown Raleigh.


Source link

Comments are closed.