Rowan County Tourism, Rowan EDC and the Rowan County Chamber of Commerce have come together to provide guidance and resources for our workforce and employers throughout Rowan County to respond to the challenges of COVID-19. We've compiled a list of programs and resources and will continue to update the list with additional resources as they become available. For the most up to date information on business resources, please visit our website.

Below are resources and guidelines for businesses in Rowan County as of April 16, 2020 at 11:00 a.m.

 

Funding Resources for Businesses:

  • Federal efforts are underway to expand access to the Paycheck Protection Program (PPP) for Small Businesses and Non-Profits.  These include the US Treasury releasing a new lender application for Non-Banks, such as PayPal and Square to provide PPP loans to businesses.  The goal being to increase access, ease and availability for small businesses that utilize such services.  Additional efforts are underway to increase funding to the program, if adopted by Congress the community will be notified. A list of local SBA approved lenders can be found here.

  • Coronavirus Paid Leave Programs: Employer Guide

  • Rowan County, North Carolina is an eligible COVID-19 disaster area, allowing small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, or private non-profit organizations the ability to borrow up to $2 million for economic injury. Find more information about the three step process and how to apply here.

  • SBA Disaster Assistance

  • SBA Disaster Assistance Informational Powerpoint

  • SBA Disaster Assistance Application

  • The Golden LEAF Foundation has announced the NC COVID-19 Rapid Recovery Loan Program. Businesses are eligible for bridge loans of up to $50,000 with six months of no interest and no payments. These loans are intended to support businesses until they are able to secure an SBA loan or other long-term assistance. 

  • Thread Capital (NC Rural Center) 

  • Carolina Small Business Development Fund

  • NC Community Development Initiative

  • Businesses with less than 500 employees can get funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. To take immediate advantage of new paid leave credits, businesses can retain and access funds that they would otherwise pay to the IRS in payroll taxes. More on this and other IRS info related to COVID-19 outbreak at: www.irs.gov/coronavirus

 

General Resources and Information for Businesses:

 

For additional information, or for information specific to workers, please visit our Worker & Business Resources page