Small Business Recovery Program

Small Business Recovery Program

Raleigh, NC
NC Rural Center

Money / Advice/Mentoring

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The Concept

The need to help economies regain and recover, and chart a course for their own future in the aftermath of a natural disaster.

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Who's it for?

Communities and entrepreneurs affected by the natural disasters such as Hurricane Matthew.

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What problem does it solve?

In the wake of Hurricane Matthew, the Rural Center recognized the need to help economies regain and recover, and chart a course for their future.

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How does it help?

Small Business Recovery Program, a program providing long-term planning and technical assistance to each town after experiencing the devastating effects of Hurricane Matthew.

Program Overview

In the wake of Hurricane Matthew, the Rural Center recognized the need to help economies regain and recover, and chart a course for their future in the aftermath of a natural disaster. Seven North Carolina communities, Fair Bluff, Kinston, Lumberton, Pembroke, Princeville, Roseboro, and Whiteville participated in the Small Business Recovery Program, a program providing long-term planning and technical assistance to each town after experiencing the devastating effects of Hurricane Matthew. The program also offers a locally administered loan fund to promote entrepreneurship and small business development in each community. Each participating community received an initial $100,000 investment in their local loan funds. Additional resources are available to increase funds to nearly $300,000 to meet the local demand for small business loans.

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