The Town of Chapel Hill announced on Jan. 13 that it issued 66 ReVive Recovery Grants to local businesses and entrepreneurs in partnership with The Chamber For a Greater Chapel Hill-Carrboro.
The grants, ranging from $1,000 to $4,500, are part of a broader economic recovery plan for the town called ReVive Chapel Hill.
In total, Chapel Hill and Carrboro businesses and nonprofits received $162,250 in grants through the program. The grant funds came from the federal government through the American Rescue Plan Act.
Along with supplying grants to aid pandemic recovery, the program aims to facilitate the creation of more minority-owned businesses and promote small businesses through social and traditional media.
More than 70 percent of the grant recipients were women-owned enterprises, and 44 percent were owned by people of color.
The Town, the Chapel Hill Downtown Partnership and The Chamber For a Greater Chapel Hill-Carrboro received 88 applicants, who were evaluated on criteria such as financial reports and sustainability.
“We think it’s pretty important that we strengthen our business community and that it gets returned to pre-pandemic levels so that we can be a thriving community again,” Chapel Hill Director of Economic Development Dwight Bassett said. “There are still businesses today that struggle, especially with this Omicron strain, but we would like to come out of this pandemic and still have a good business community.”
The ReVive program consisted of three grant levels: micro, entrepreneur and small business. The micro grants were targeted toward people who have not yet started a business, while the higher level grants were aimed toward business support. There were four micro grants, 15 entrepreneur grants and 47 small business grants.