Cory Burkarth, 980-257-2452
CHARLOTTE, N.C. (Friday, Dec. 18, 2020) – The City of Charlotte on Friday announced an update to its Access to Capital program, which was created earlier this year in order to provide assistance to businesses in Charlotte that were impacted by the COVID-19 pandemic.
In total, the city is in the process of distributing more than $90,000,000 of CARES Act funds to support the Charlotte community during the COVID-19 pandemic, including $58,010,000 through the Open for Business initiative, which supports small business and workforce programming. The city allocated more than $6,000,000 to support hotels and music venues. The city also allocated $30,750,000 in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding to the city’s Small Business Relief Fund and $7.15 million for its Food and Beverage Support program.
Below are the two updates being issued this afternoon:
11 music venues were awarded grants totaling $732,485.
102 hotels/motels were awarded grants totaling $5,760,640.01.
The hotel/motel grant program was administered by Foundation For the Carolinas, while the music venue grant program was administered by the City of Charlotte.
About the City of Charlotte
The City of Charlotte provides services to more than 870,000 residents. The city’s priorities are workforce and business development; transportation, planning and the environment; safe communities; and great neighborhoods. Charlotte is No. 6 on U.S. News & World Report’s 150 Best Places to Live in the U.S. in 2020-21. For the latest news and updates about city government, visit the citywide newsroom at charlottenc.gov/newsroom, and follow @CLTgov on Facebook, Twitter and Instagram.
About Foundation For The Carolinas
Founded in 1958, Foundation For The Carolinas is the sixth-largest nonprofit community foundation in the country, serving donors and a broad range of charitable purposes in North and South Carolina. With assets of $2.7 billion, FFTC’s mission is to inspire philanthropy and empower individuals to create a better community. Visit www.fftc.org.