Small Business Recovery Fund

PROGRAM OVERVIEW

In 2020, Durham City Council approved the Durham Small Business Recovery Fund program for small businesses  affected by COVID-19.

The fund was made up of private money for grants and public funds for loans and was about $3 million, with $1 million from Duke University for grants and about $2 million from the City of Durham and Durham County. The fund was held and managed by the Carolina Small Business Development Fund (CSBDF). In addition to giving out the grants, CSBDF also processed, serviced and collected loans on behalf of the City and County. The agency also marketed the programs and provided technical assistance to those chosen for loans.

During the program, 181 local small businesses received aid in the form of grant and loan funding.

PROGRAM UPDATE

Durham Small Business Recovery Program_front page image_Page_01

WEBINARS

Before the grants were given out, we held two webinars to answer questions about the program.

Watch the English Recovery Fund Webinar

Watch the Spanish Recovery Fund Webinar

SUCCESS STORIES

Glass Jug 1b