Emergency Bridge Loan Program Activated for Small Businesses
Impacted by Hurricane Matthew
Today, a group of small business support organizations activated the North Carolina Small Business Emergency Bridge Loan Program in response to Hurricane Matthew. The program will provide short-term, interest-free loans to small businesses that experienced physical or economic damage during the storm and recovery efforts.
The Bridge Loan Program is a partnership of the N.C. Rural Economic Development Center, the Small Business and Technology Development Center (SBTDC), and the Community College Small Business Center Network. The program has raised over $3 million from funders including the Golden LEAF Foundation, N.C.’s Electric Cooperatives, BB&T, PNC and Wells Fargo.
On behalf of the Board of Directors and the entire staff of the N. C. Rural Center, we want to thank you for making the 2016 N. C. Rural Assembly a success. Our front porch conversation with rural leaders continued with great speakers, great resource organizations and presentations from the candidates seeking to lead our state in the years to come as Governor and United States Senator. We managed to celebrate some rural success through our six annual award winners, and we even enjoyed a trip down memory lane with Andy, Barney and Aunt Bea as we previewed a new documentary on "The Real Mayberry". It reminded us all of why we love and cherish our small rural North Carolina towns. We'll be posting all our conference presentations and content online shortly, and we'll be sending you a survey seeking your feedback in helping us plan for the 2017 N. C. Rural Assembly. It's less than a year away!
All the best from all of us,
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Rural Center impacts from the mountains to the coast
2015 was an incredible year for the Rural Center. Among the highlights: $8 million in loans and investments; more than 1,100 hours of microenterprise training; nearly 3,000 hours of leadership training and 1,500 jobs created.
Data snapshot: Median Household Income in North Carolina