News Flash

Spotlight New

Posted on: November 22, 2016

Durham Creates New Small Business Recovery Fund

Durham Small Business Fund image

Durham City Council has authorized the establishment of the Durham Small Business Recovery Fund program for small businesses adversely affected by the COVID-19 pandemic.

The fund consists of private money for grants and public funds for loans and is currently $2 million, with $1 million each from the City and from Duke University. The fund will be held and administered by the Carolina Small Business Development Fund (CSBDF). In addition to administering the grants, CSBDF also will process, service and collect loans on behalf of the City. The agency will also market the programs and provide technical assistance to businesses receiving loans.

Facebook Twitter Email