Program Overview
Provide financial relief to minority and women-owned
businesses in Western North Carolina impacted by Hurricane Helene.
Eligibility Criteria
Grants range: $5,000–$10,000
Business Operation preferences:
- Be minority- or women-owned
- Registered and operational for at least one year before Hurricane Helene (verified through NC Secretary of State status)
Documentation Requirements:
- 2023 business tax returns
- Year-to-date (YTD) profit and loss (P&L) statement for 2024.
- Proof of economic or physical loss due to Hurricane Helene (e.g.,
photos of structural damage, financial impact statements).
- Copy of valid government issued ID
- Certifications:
HUB certified businesses encouraged to apply
Approval Process:
- Applications reviewed through ICAP's internal approval system to
ensure eligibility
- Additional site visits conducted if necessary for verification
- Grant amount will be based on year over year revenue (loss)
comparison between 2023 and 2024. Formula will calculate grant amount,
i.e., $5000 or $10,000
Selection Priority- Businesses with substantial documented losses
- Those that demonstrate a strong ability to recover
with financial support
Contact for
more information or questions email funding@theinstitutenc.org