search triangle garden With weekly updates to keep content up to date, the WRAL TechWire Startup Guide offers a timely resource pack for anyone looking to start or grow a business in the Triangle area.
Last week we summed up every update made to the guide in 2021, and now we’re back at another set of resources for local entrepreneurs.
Comes the latest addition to our list of COVID relief programs for local startups and small businesses. We started this section back in March 2020 at the start of the pandemic.
Today, we added a line about an upcoming informational webinar covering the North Carolina Division of Revenue’s new business recovery grant for companies dealing with pandemic-related losses. The Downtown Raleigh Alliance, an organization serving local small businesses, will host an informational webinar this Tuesday at 9:30 a.m. to discuss program provisions, eligibility criteria, and how to apply. We added a link to the webinar in the COVID Relief Program listing.
As we covered a few weeks ago, a business restoration scholarship consists of a hospitality grant for hotels, restaurants, bars, and other food and accommodation service businesses, as well as arts, entertainment, and recreation businesses. The reimbursement grant is also available to other companies that have not received funding from other relief programs, such as the Paycheck Protection Program or a Job Retention Grant.
The apps launched in December and will close on January 31.
Other recent additions to the Triangle Startup Guide
Every week we update the guide with new resources for local entrepreneurs for our exclusive Triangle startup guide.
If we missed something, feel free to suggest it for inclusion. You can email me directly or use this contact form.
Here is a review of the additions we’ve made in recent weeks:
- In the “Venture Capital and Angel Groups” section of the guide, we’ve added the Triangle Tweener Fund, a kind of “index” aimed at early stage startups in the Triangle. The fund was launched in December with the support of more than 20 local entrepreneurs.
- In the “Inspiration, Advice, and More Resources” section of the guide, we’ve added the Technology Innovation Index, a new report from the North Carolina Technology Association (NC TECH). The annual publication provides a detailed overview of how the state’s metro areas compare to other top central areas nationwide, measuring technology innovation across three broader categories: talent supply, talent demand, and innovation. An inaugural report, released earlier this month, ranked two Triangle metro hubs – Durham – Chapel Hill and Raleigh Cary – among the top 10 metro areas in the US
- In the “Finance, Assistance, and Resources for COVID-19” section, we’ve added a few Small Business Administration programs with upcoming deadlines December 31: Economic Injury Disaster Loan (EIDL), Targeted EIDL Loan, and Additional Target Advances.
- In the “Contests, Grants, and Other Funding Sources” section of the guide, we’ve added the upcoming Make-A-Thon program from NC State University, where student teams are tasked with finding the best solution to a sustainability challenge. At the end of the weekend, participating teams will present their ideas to local judges and businesses for a chance to win cash prizes. This year’s competition, which will run from January 27-30, will offer $2,000 to the winning team, $1,000 to the runner-up and $500 to the third place winner. The registration deadline is January 16th.
- In the Accelerators and Mentorship Programs section, we’ve added LaunchWENDELL – a new 10-week program from Town of Wendell and Wake Technical Community College that aims to support entrepreneurs and small business owners in Wendell. Applications for the first group are open until December 1, and classes are scheduled to begin in January 2022. Participants will be assigned a mentor from the business community to guide their business development strategy.
- We added the Southern Opportunity and Resilience Fund (SOAR) to the COVID-19 Resources section of the guide. The program provides low-interest loans of up to $100,000 to small businesses and nonprofit organizations in 15 states across the Southeast, including North Carolina. To qualify, a small business must be experiencing economic disruption linked to the pandemic, have 50 or fewer full-time employees and less than $5 million in annual revenue.