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Asheville staff: $15.5M small-business recovery grants to launch after notice to proceed; applications expected this summer
Summary
City staff told the Planning, Economic Development and Environment Committee that City Council approved $15.5 million in CDBG-DR awards to four subrecipients and that grants will be available to storm-impacted Asheville businesses after subrecipient award contingencies and a formal "notice to proceed," likely this spring or summer.
City staff told the Planning, Economic Development and Environment Committee on April 21 that City Council approved awards totaling $15,500,000 under Community Development Block Grant ' Disaster Recovery (CDBG-DR) to four subrecipients and that small-business grant programs will open for applications only after the city issues formal notices to proceed.
"We anticipate finalizing all award contingencies very, very soon," a city staff member said, adding that staff aim to complete subrecipient agreements, environmental reviews and project manuals before allowing subrecipients to begin operating. "In the spring and summer small businesses grant programs will become available through subrecipients." The staff member cautioned that the city and HUD must clear remaining contingencies before details can be publicized.
Why it matters: the program is intended to help storm-impacted businesses in Asheville recover…
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