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Durham entrepreneurs say $20,000 Momentum grants delayed; city pledges alternate funding and 45‑day target
Summary
Business owners who completed the Momentum Financial Academy said they were told they'd receive $20,000 grants that remain unpaid after months. City officials acknowledged federal compliance issues and said they will pursue alternate funding (ARPA) and aim to issue payments by March 24, 2025 if requirements are met.
Entrepreneurs who participated in Durham’s Momentum Financial Academy told city council on Thursday that promised $20,000 grants have not been paid nearly five months after they completed the program, and they urged an immediate remedy.
Shay Ramos, a local entrepreneur and business owner, told the council participants were instructed to buy insurance and make other preparations because the city told them $20,000 grants would arrive within 30–45 days after program completion. Ramos said he and other participants have received no checks and inconsistent communication; he asked the city for a firm deadline and a response in public.
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