City of Charlotte Announces Micro Business Relief Fund Application

Cory Burkarth
Cory.Burkarth@CharlotteNC.gov
4/29/2020

Charlotte, N.C. (April 29, 2020) - The City of Charlotte on Wednesday announced the opening of the Micro Business Relief Fund (MBRF) application. Beginning Monday, May 4 at Noon, micro businesses with five or fewer employees can apply through the Local Initiatives Support Corporation (LISC) webpage.

As part of a COVID-19 relief partnership with LISC, the fund will support 100 micro businesses located within opportunity corridors by providing $1,000,000 in grants. The fund was made available after the Charlotte City Council approved the use of FY 2020 Community Development Block Grant (CDBG) funds. Each micro business that meets income regulations is eligible for up to $10,000.

The city’s Economic Development team, along with LISC’s staff, will score each application. Businesses must be able to provide the most recent two years of documentation establishing income as required by CDBG regulations. Grants may be applied to urgent needs, such as payroll, rent and vendor/debt costs.

“Small business is the lifeblood of our economy and micro businesses are essential to maintain what we have established and cultivated here in Charlotte,” said Mayor Vi Lyles. “As we recover from the financial impacts of COVID-19, we need all sectors of our business community to grow and thrive, and this relief fund is one of the ways to make it happen.”

Small business owners can contact the city for more information on the dashboard or visit the city’s small business resource page for other local, state, federal and partner resources.

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The City of Charlotte provides services to more than 870,000 residents. The city's priorities are workforce and business development; transportation, planning and the environment; safe communities; and great neighborhoods. For the latest news and updates about city government, visit the citywide newsroom atcharlottenc.gov/newsroom, and follow @CLTgov on Facebook, Twitter and Instagram.