The City of Dillsboro is launching a grant program to assist struggling companies utilizing $200,000 it obtained as a part of the worth engineering proposal for the Haywood Street bridge venture.
The city board permitted the grant program, referred to as the Reopen and Rebuild Dillsboro Plan, by unanimous vote throughout its Oct. 12 assembly. Eligible companies can apply for as much as $10,000 in funding to cowl regular enterprise working bills similar to hire or mortgage funds, utilities, stock purchases, payroll bills and constructing enhancements. Funds are meant to offset misplaced income and heightened bills as a result of COVID-19 or to the bridge venture.
“The city board wish to assist our companies and eating places that had been compelled to shut as ‘non-essential’ again in March,” mentioned Mayor Mike Fitzgerald. “This board was proactive in working to get better from the 2009 recession by partnering with WCU and funding grants to draw a number of anchor companies. We wish to proceed that custom now through the use of this cash to assist out. This can assist our small owner-operator outlets in addition to our bigger companies.”
Wright Brothers Building gave the city $450,000 of the $1.5 million it obtained on account of the proposal, which shaved $3 million and two years off the unique $14 million venture by foregoing development of a brief bridge whereas the brand new one was being constructed. Sylva, which didn’t obtain a minimize of the financial savings, staunchly opposed the change.
Haywood Street between Sylva and Dillsboro is now fully closed all through the venture, which is predicted to wrap up within the spring. Official detour routes use U.S. 74/23 and extra just lately Previous House City Street, whereas native residents have complained that Yellow Fowl Department Street’s standing as an unofficial detour route has brought on unsafe circumstances on that route.
To be eligible, companies should be owned and bodily positioned in Dillsboro and have been in operation no less than one 12 months previous to Gov. Roy Cooper’s state of emergency declaration on March 10. The enterprise should have reopened in some capability as soon as state tips allowed with plans to function at full capability as soon as restrictions are lifted.
Companies should pledge in good religion to stay in enterprise below present possession for no less than one 12 months after receiving the funds. Companies with a pending chapter, or which have been disbarred or suspended from working in North Carolina, will not be eligible, and companies should be in good standing because it pertains to tax collections. Monetary establishments, home-based companies and nonprofit organizations — besides those who perform as retail institutions and submit month-to-month gross sales tax stories — will not be eligible.
The appliance course of begins at present and extends by Nov. 16. Award quantities might be primarily based on the variety of full-time equal workers, with the enterprise proprietor included in that depend. Companies with one to 5 FTEs are eligible for $3,000, companies with six to 10 can request $5,000 and companies with 11 or extra can request $10,000.
For extra info or to request an software, contact City Clerk Debbie Coffey at 828.586.1439.