Governor Josh Stein during visit to Marshall, NC
Courtesy of governor.nc.gov
During Small Business Week last week, Governor Josh Stein and North Carolina Secretary of Commerce Lee Lilley visited downtown Marshall to highlight the importance of supporting small businesses impacted by Hurricane Helene. Governor Stein proclaimed May 4 – May 10, 2025 as Small Business Week to celebrate the impact of entrepreneurs and small businesses on North Carolina’s economy.
Governor Stein recently announced the Dogwood Health Trust, the Duke Endowment, and the State of North Carolina have distributed $55 million to more than 2,100 businesses in western North Carolina. In his second Helene budget request, Governor Stein will call on the General Assembly to invest more in small business grants so that western North Carolina businesses can keep their doors open to serve their communities.
Governor Stein and the North Carolina Department of Commerce also launched an additional $55 million state infrastructure program, which allows local governments to apply for up to $1 million to rebuild public infrastructure. Small businesses rely on this infrastructure, such as sidewalks and sewers, to do business. The Department of Commerce’s Division of Workforce Solutions has also made the $500,000 “Hurricane Helene Business Edge Fund” available to local workforce boards serving the counties that were most impacted by the storm, with a particular focus on minimizing layoffs from small businesses.
North Carolina’s small businesses account for more than 99 percent of the state’s businesses, employing 1.7 million people statewide. More than 9,600 North Carolina small firms exported merchandise, generating $8.2 billion of the state’s exports as of the latest report from 2022. North Carolina is proud to support small businesses through services such as NCWorks, community college small business centers, the N.C. Small Business and Technology Development Center, SCORE, the Veterans Business Outreach Center, the Rural Center, and a toll-free information and referral service known as the Small Business Advisors hotline.
[News release courtesy of governor.nc.gov]
