The North Carolina Department of Administration’s Office of Historically Underutilized Businesses launched the statewide Small Business Program to help minority-owned businesses in North Carolina post-pandemic .
“The pandemic highlights long-standing issues facing communities of color, including economic challenges,” Gov. Roy Cooper said. “We want our historically underutilized businesses to have the guidance they need to recover from the pandemic, and this program will help provide those resources.”
As outlined in Governor Cooper’s Executive Order No. 143, the initiative was created to encourage the continued growth and development of historically underutilized businesses and disadvantaged business enterprises throughout the state.
“The Small Business Program is just one of many initiatives established by the North Carolina Office for Historically Underutilized Businesses to help entrepreneurs, especially those operating small and micro-small businesses. businesses as they recover from the devastating effects of the COVID-19 pandemic,” said Pamela B. Cashwell, Secretary of the North Carolina Department of Administration. “One of the ways the program seeks to improve the current state of business is to offer advice on accessing capital and business development.”
The NCSBE program provides companies with access to various contracting opportunities, including state contracts, providing a platform to compete against similar companies within their respective industries and markets. The program also provides advice on business development, including marketing and financial strategies.
“I am excited about the Small Business Enterprise program as it will continue our efforts to bring North Carolina small businesses to post-pandemic recovery,” said Tammie Hall, NC HUB office manager. “We are accepting applications now, and I encourage eligible companies who are interested to apply.”
The NCSBE program mirrors the North Carolina Department of Transportation’s Small Business Program. The NCDOT program offers small businesses the opportunity to obtain road construction and maintenance contracts.
To participate in the NCSBE program, businesses must meet specific eligibility criteria and complete an online application form, available on the NC HUB website. Application is open to both HUB-certified and non-HUB-certified companies.
All participants in the NCSBE program must:
• Be an independent, for-profit company based in the State of North Carolina
• Be a business with up to 100 employees (including but not limited to sole proprietorships, home-based businesses, and independent contractors)
• Not have annual income greater than $1,500,000
To learn more about the NCSBE program, visit the NC HUB office website for details by going to ncadmin.nc.gov. Click Businesses, then Historically Underutilized Businesses.