ReVive Recovery Grants Issued to Local BusinessesReViveThe Chamber For a Greater Chapel Hill-Carrboro
The Town of Chapel Hill has issued 66 ReVive Recovery Grants to local entrepreneurs and small businesses. These grants are a part of Chapel Hill’s comprehensive economic recovery strategy, ReVive. The Town partnered with The Chamber For a Greater Chapel Hill-Carrboro to administer this grant program.
In June 2021, the Town Council appropriated $200,000 in federal American Rescue Plan Act funds to create and market the program.
“This initiative is designed to help make sure our businesses and local economy return to a condition as good or better than before the pandemic,” said Director of Economic Development Dwight Bassett. “We want to see our community thriving again.”
For-profit enterprises and qualifying non-profits with employees received awards. Comprehensive outreach and community marketing efforts produced a very diverse cohort of grantees. Seventy percent of recipients are women-owned businesses, 44% are BIPOC- owned (Black, Indigenous, and People of Color) businesses, and 16% are non-native English speakers.
Applicants applied to the following grant categories:
Micro Grants: up to $1,000 to support business ideation that leads to enterprise creation and growth;
Entrepreneur Grants: up to $1,500 to support entrepreneurs who are on a path toward creating a successful enterprise; and
Small Business Grants: up to $5,000 to support existing Chapel Hill enterprises and help them continue to grow through the pandemic.
Applications were accepted through November 14, 2021 and reviewed by a diverse ReVive Grant Review Committee of business and community leaders. All grants were successfully distributed in December 2021.
“The ReVeVive Recovery Grants are already making a big difference for small business and local start-ups. Chapel Hill’s investment in small business success will pay real community dividends now and in the future,” said Aaron Nelson, President and CEO, The Chamber for a Greater Chapel Hill-Carrboro.
For more information on the ReVive Recovery Plan, click here.