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North Carolina Makes $1 Million In Grants Available To Small Businesses

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RALEIGH, NC — A new matching grant program from the state of North Carolina will help companies get access to early-stage financing.

The state will begin accepting applications for grants from a new One North Carolina Small Business Fund starting on Jan. 1.

The grants can go to companies that have received funding support through two federal programs - the Small Business Innovation Research and the Small Business Technology Transfer. North Carolina companies can apply for matching funds up to a limit of $50,000.

Some $1 million is being made available by North Carolina under legislation passed in the most recent session. The funds come from the One North Carolina Fund, which is used in part to help draw new businesses and grow existing businesses in the state.

"These grants will allow more of North Carolina's small businesses to conduct the innovative research and technology development that is critical to the future growth of our state's economy," said Governor Mike Easley in a statement unveiling the program. "This program will further ensure that North Carolina is well positioned to remain a top competitor in the global marketplace."

Companies who receive federal SBIR or STTR Phase 1 awards are eligible to apply for the state money. Applications must be received within 45 days of being notified that a federal grant has been awarded.

For guidelines and more information, go to the www.ncscienceandtechnology.com web site.

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