While North Carolina businesses prepare to weather the economic impact of coronavirus, Governor Cooper is taking action. The governor requested assistance from the US Small Business Administration to help mitigate the economic impact of the virus.
“I’m asking the SBA for assistance so we can get relief to help business owners in our state weather the economic impacts of COVID-19,” Cooper said. “We know that the new coronavirus is already impacting businesses and this financial assistance will help.”
If the federal government approves Cooper’s request, disaster loans will help impacted businesses fulfill financial obligations and operating expenses, according to WXII.
Earlier this month, Cooper declared a state of emergency in preparation for the coronavirus outbreak. That order activated the State Emergency Operations Center, coordinating departments in the executive branch to create a comprehensive approach to the pandemic. The move also follows a mandatory ban on gatherings of more than 100 people, and a call for schools across the state to close for at least two weeks.
Read the full request Cooper sent to the Small Business Administration here.