EIDL Loan Update The Small Business Administration (SBA) stopped processing Economic Injury Disaster Loan (EIDL) Advance requests on July 11th. As of now, the program funds have been fully allocated. By law, the SBA is not permitted to issue new EIDL Advances once all program funding has been obligated. Sunset Date of $600 CARES Unemployment… Read More »
Author: Greater Winston-Salem, Inc.
SBA EIDL Loans and Unemployment Boost Payments Ending
Business Obligations in Light of NC COVID-19 Liability Laws
North Carolina remains in Phase 2 of its reopening plan at least through August 7, a timeframe recently expanded by Governor Cooper. With new legislation and executive orders enacted frequently, many North Carolina business owners have questions about reopening and what steps they are required to take as they struggle with reopening plans. What does… Read More »
Common Questions About Commercial Leases During the COVID-19 Pandemic
North Carolina remains under Phase 2 of reopening as we enter the fifth month of health and economic impact driven by COVID 19. While many businesses are now open, some may still be under restrictions or closed until Phase 3 can begin. Business owners have had access to resources and assistance including the CARES Act,… Read More »
Forsyth County Small Businesses Receive Grants for COVID 19 Recovery
Dozens of local small businesses are receiving relief grants through a community-supported fundraising campaign. A total of 87 businesses have been awarded a Small Business Relief Grant through a program coordinated by Greater Winston-Salem, Inc. and the Downtown Winston-Salem Partnership. Grant Recipients The grant program was initiated to assist local small businesses in the recovery… Read More »
Commissioners Approve $447 Million Continuation Budget
Forsyth County commissioners passed a balanced continuation budget that maintains current service levels and lowers the property tax rate with a commitment to review additional funding requests in November, once the county has a clearer understanding of the overall impact on revenue from the COVID-19 pandemic. Normally requests for additional funding, known as Alternate Service… Read More »
Three Local Graduating Seniors Awarded Inaugural Scholarships By The Winston-Salem Police Foundation
The Winston-Salem Police Foundation announced the recipients of its inaugural scholarships. The scholarships were awarded in three categories – General Community, Millennial Scholars Program, and the Winston-Salem Police Department Dependent. Students were selected through an application and objective review process. Abigail Herrera-Leal of Glenn High School, Najashi Belcher of Walkertown High School, and Alyson Thompson… Read More »