One Buncombe Fund – Grant Funds Available

Grant funds are available for small for-profit businesses based in Buncombe County and affected by COVID-19.

The recent federal COVID-19 relief bill has reopened PPP and enables new first-time recipients as well as second draws. Funds can be used to reopen, retain, and rehire staff. Funds are limited and not all who apply will be awarded.

Up to $2,500 is available for firms retaining or re-hiring one position (including owner positions, sole proprietors, and other solopreneurs). Up to $5,000 is available for firms retaining more than one position.

Eligibility Criteria

  • Business Must Have Been in Existence Prior to October 1, 2020
  • Business must be a for-profit entity based in Buncombe County
  • The business must have no more than 25 Full-Time Equivalent employees at the time of application.
  • The applicant must be able to clearly demonstrate how the grant will help rehire or retain a committed number of positions in their business, and keep those positions for at least 6 months. Only jobs that are at or above Just Economics’ 2020 Living Wage standards will be considered. The Living Wage Rate for 2020 was $15.50/hour without qualifying employer-provided health insurance, or $14.00/hour with employer-provided health insurance.
  • Applicants must list all grants or other relief funds received to assist their business since March 10, 2020.
  • The applicant must agree to report on the financial condition of the business, jobs retained and hired, and use of funds received 6 months following the receipt of funds.
  • The applicant must certify in writing that they will only use this grant for business expenses incurred for business activities in Buncombe County.
  • Applicant understands and agrees that all grantee business names and grant amounts will be publicly announced.

With limited grant funds available, any small businesses that are eligible to receive PPP funding are encouraged to apply.

Applications must be completed and submitted no later than 11:59 p.m. on Sunday, February 28, 2021. Get detailed information, including an application, at www.mountainbizworks.org.

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