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Durham staff sets March 24 deadline to distribute delayed Momentum academy grants
Summary
City officials told the council they will attempt to deliver $20,000 awards to Momentum Financial Academy participants within 30'45 days and, after discussion, set March 24 as a promised "drop date" for checks while staff pursues alternate funding sources and compliance fixes.
Small-business owners who participated in the city-run Momentum Financial Academy pressed the council on Feb. 6 after participants said promised $20,000 grants tied to the program had not been paid.
Ed Nixon, acting director of the Office of Economic and Workforce Development, told council that the awards are federal funds passed through the city and that the department has identified compliance issues that must be resolved before HUD or related federal money can be drawn.…
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