Local Grants & Funding Opportunities

Cabarrus Recovery Grants – Small Business Support

Through the Cabarrus Recovery Grant – Small Business Support Program, Cabarrus County businesses can apply for one-time support of up to $10,000 for COVID-19 related expenses.

Eligibility

Eligible businesses must:

  • Have a location within Cabarrus County that opened before January 1, 2020
  • Operate as a for-profit agency
  • Have an independent owner/operator
  • Employ 50 or fewer workers
  • Demonstrate loss of revenue due to COVID-19
  • In good standing with all federal, state, and local governments (taxes, etc.)
  • Provide 2019 and 2020 Federal Tax Returns
  • Meet County vendor onboarding requirements

Qualified expenses

Funding can be used for the following business-related expenses:

  • Payroll and benefit costs
  • Mortgage/rent
  • Utilities
  • Operating costs
  • COVID-19 prevention/mitigation (e.g., physical barriers, cleaning, testing, etc.)

NC Small Business Impact Grant Program (RETOOLNC)

Historically Underutilized Businesses (HUB) are vital to the community and economy in North Carolina. Since Fall 2020, the North Carolina Small Business Impact Grant Program, RETOOLNC, has helped to address the challenges that certified NC HUBs and Disadvantaged Business Enterprise (DBE) firms are facing as they work to recover from the pandemic.

Grants of up to $25,000 are awarded to select certified small underutilized businesses to help them with pivotal industry business changes needed during the pandemic. Governor Cooper established the RETOOLNC program to help certified HUBs and DBEs recover from some of these costly, unexpected adjustments to their business.

Applicants must be certified with NCHUB or NCDOT DBE.

The HUB Office has created an expedited process to help those vendors who need HUB Certification quickly in order to apply for RETOOLNC. See below:

  1. Register electronically in the Electronic Vendor Portal
    – Click “Vendor Not Registered. Register Now.”
    – Complete the entire registration process. (You have to register for IPS and HUB. Registering for NC e-Procurement is optional but recommended.)
    – If you need assistance with registration, please call the Vendor Portal Help Desk at 1-888-211-7440, option 2.

  2. Complete the expedited HUB Application and Documentation:
    Application
    Documents

  3. Return the documents via email to: hub.retoolnc@doa.nc.gov
    – They can also be mailed or faxed – see the top of the application – but for the quickest turn around we are asking vendors to scan and email directly to us.

Spark Grants

With the support of the Flywheel Foundation, the Cabarrus Center for Innovation and Entrepreneurship wrapped up its first grant cycle of $5,000 Spark Grants offered to entrepreneurs located in or adding jobs to the county. The grants are helping Founders test out ideas that can be commercialized successfully.

Visit the link below to learn more about our 2021 Spark Grant recipients.

Accelerating Local
Economic Development

Find Us

Cabarrus Center
for Innovation and Entrepreneurship

57 Union St. S.
Concord, NC 28025

Contact Us