Governor Cooper announced a $40 million relief program for small businesses that were affected during the coronavirus pandemic. The money will help offset fixed costs like rent, mortgage interests and utility bills, WBTV reports.
“Small businesses are the backbone of our economy – powering our local communities and giving back in so many ways. They deserve our support, and this new initiative can help them weather this tough time,” said Cooper.
The NC Mortgage, Utility and Rent Relief (MURR) will bring up to $20,000 in relief funds for businesses that qualify. Some businesses from industries that were unable to open during the pandemic will be able to apply for up to two locations, WBTV reports.
Applicants will be able to apply for up to four months of mortgage interest or rent expenses as well as utility expenses, Cooper said.