If I’m selected, what do I have to provide?

You will need to provide a signed incentive grant agreement (the agreement will be sent to you upon notification), a voided check, and have your application form notarized within 48 hours after you are notified of selection by Wilmington Business Development (this notification for selection will likely come around June 10). In light of COVID-19, the N.C. Secretary of State has provided guidance that notaries can temporarily perform emergency video notarizations.

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1. Who is eligible?
2. Who isn’t eligible?
3. How many businesses will receive grants?
4. How much are the grants?
5. How much time do I have to spend the grant funds?
6. Do I have to pay the grant back?
7. What happens if I don’t spend all $10,000?
8. What happens if the money is spent on something other than an eligible use?
9. What can I use the money for?
10. What can I not use the money for?
11. Do I have to pay taxes on this money?
12. Where is the money coming from?
13. Why are you doing this program?
14. How do I apply?
15. How are you going to pick who gets the grants?
16. If I’m selected, how will you notify me?
17. If I’m selected, what do I have to provide?
18. What happens if I don’t provide all of the necessary documentation?
19. If I’m selected, how will I get the money?
20. What if I’m not selected?
21. When will you disburse the money?
22. Am I eligible if I live outside of New Hanover County, but my business is in New Hanover County; or I live in New Hanover County, but my business is outside the county?
23. Am I eligible if I live in New Hanover County, but my business partner lives elsewhere?
24. Who can I contact with questions?