COVID-19: Entrepreneur Resources

We're here for startups and small businesses

Every day, we learn more about coronavirus (COVID-19). This much is already clear: the virus not only represents a public health risk and strain to our health care system. It also creates a dire financial situation for many businesses – particularly startups and other small business – in communities across the Research Triangle region, North Carolina and beyond.

Innovate Carolina will provide updates to entrepreneurs about resources – including the latest information, advice from entrepreneurial experts and financial support – that are available from organizations across the local region, state and country. If you know of a resource that can help others bolster their businesses, please send us an email.

COVID-19 RESOURCE PAGES

BUSINESS RESOURCES

General Business Guides
Coronavirus Small Business Guide
(US Chamber of Commerce)
Guidance for Small Businesses (U.S. Small Business Administration)
Guidance for Businesses and Employers (CDC)
Local Assistance (U.S. SBA)
Coronavirus Resource Guide
(NC Chamber)
COVID-19: Implications for Business (The Conference Board)

Training
International Economic Development Council: New set of training courses for professionals working in entrepreneurship-led economic development (IEDC)

Technology
MeetingMaker (host your 1:1 meeting for free during COVID-19 social distancing period)
WebEx by Cisco (free 90-day license for non-WebEx customers)
Trend Micro (free access to consumer security product for your employees to install on their computers)
PC Matic (free cybersecurity protection and remote management tools until June 20, 2020)

FINANCIAL SUPPORT FOR SMALL BUSINESSES

Federal
Paycheck Protection Program: A loan designed to provide a direct incentive for small businesses to keep workers on the payroll. (U.S. Small Business Administration).
Disaster Loan Assistance Information: Low-interest loans to businesses of all sizes, private nonprofits, homeowners and renters (U.S. SBA).
Disaster Loan Assistance Online Application: This online application is the fastest method to receive a decision about your loan eligibility (U.S. SBA).
Disaster Loan Assistance Application (U.S. SBA)
Disaster Assistance in Response to Coronavirus (U.S. SBA)
Coronavirus (COVID-19): Small Business Guidance & Loan Resources (U.S. SBA)
Coronavirus Tax Relief: The IRS established a section focused on steps to help taxpayers, businesses and others (Internal Revenue Service).

North Carolina
NC COVID-19 Rapid Recovery Loan Program: Supports NC small businesses and family farms as they recover (NC Rural Center and Golden Leaf Foundation).
[now closed due to overwhelming demand]
Truist – NCIFund COVID-19 Grants: Provides funding for NC-based businesses that experienced a 15 percent reduction in sales due to COVID-19. (Truist and NCIFund) [now closed due to overwhelming demand]

Local/Regional
Orange County Emergency Small Business Fund: $5,000 in grants or up to $20,000 in loans to eligible small businesses across the county (Orange County).
Town of Carrboro Small Business and Non-Profit Emergency Fund: Serves Carrboro with short-term payroll during the state/town emergency (Town of Carrboro)  
Rapid Response Fund of the United Way of the Greater Triangle: Supplies funding for Triangle nonprofits that provide food, hygiene, childcare, etc (Triangle United Way). 

Private Sector
Facebook Small Business Grants Program: $100M in cash grants and ad credits for up to 30,000 eligible small businesses (Facebook).
Verizon Small Business Recovery Fund: LISC will use Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure (Verizon)
Google Small Business and Crisis Response: Provides $340 million in Google Ads credits available to all small-and-midsized businesses with active accounts over the past year and a pool of $20 million in Google Cloud credits for academic institutions and researchers to leverage Google’s computing.  

Coronavirus Financial Bridge Loans: Provides unsecured cash loans of up to $100,000 to U.S. citizens nationwide (DVI Funding).
Honeycomb Crowdfunded Small Business Loan Relief: Community-sourced loans for small businesses impacted by the coronavirus (Honeycomb Credit).
Food and Beverage Industry Relief Fund: Micro-grants to independent food and beverage businesses in need (James Beard Foundation).
Restaurant Workers’ Community Foundation: Relief funds and resources that will help restaurants and workers (RWCF).
One Fair Wage Emergency Fund: National donation-fueled fund to support tipped and service workers (OFW).

ADVICE FOR ENTREPRENEURS

Here to Help: Local Business Virtual Conference Series: Tune in at 2 p.m. every Thursday to get advice from industry experts and hear ideas from other local business owners. (WRAL and Capitol Broadcasting Company)
Ask Me Anything: Jay Bigelow (Council for Entrepreneurial Development, North Carolina)
8 Steps for Successful Fundraising During the Coronavirus Crisis (Amy Eisenstein)
Managing Your Cash Flow During the Coronavirus Crisis (Multifunding Business Loan Advisors)

LOCAL AND REGIONAL SUPPORT

Orange County Economic Development
Durham Office of Economic and Workforce Development

Chatham County Economic Development
Chatham County Chamber of Commerce
Wake County Economic Development
Chapel Hill Downtown Partnership
Small Business & Technology Development Center (SBTDC)
Chapel Hill: COVID-19 Resource Spreadsheet: A collection of resources to help the Chapel Hill community meet citizen needs, especially marginalized people affected by COVID-19 (Community Empowerment Fund).
Durham: COVID-19 Resource Spreadsheet: A collection of resources to help the Durham community meet citizen needs, especially marginalized people affected by COVID-19 (Community Empowerment Fund).
Triangle Community Foundation: COVID-19 Response: A collection of resources for nonprofits and students (Community Community Foundation).

COLLABORATION HUBS & PORTALS

Coronavirus Hub: Connects companies with capacity and resources with those that need them (BIO International).
RestoreYourEconomy.org. Resources and information related to COVID-19 and its economic impacts (IEDC, U.S. EDA).