In a move to alleviate the economic strain on Western North Carolina's small businesses left reeling from Hurricane Helene, Governor Josh Stein revealed a sizable financial assistance plan on Friday. Worth $30 million, the grants are intended to bolster the region's ailing businesses, many of which continue to face significant challenges in the aftermath of the storm. According to a WBTV report, the initiative is open to businesses with an annual revenue of up to and including $2.5 million, allowing them to apply for grants of up to $50,000 each.

Teaming up with Dogwood Health Trust and Appalachian Community Capital, the fund aims to inject much-needed capital into various businesses, including shops and restaurants. Dogwood Health Trust, which was part of the conference announcing the grants, has a footprint that spans 18 counties, ranging from Alexander to Yancey. These counties, listed in a statement obtained by WBTV, comprise both the service area of the trust and the regions included in President Biden's disaster declaration. Unfortunately, businesses making under $1 million annually in dire need can apply for aid up to $25,000, as detailed by WCNC.

The state government has not only prioritized business recovery but also residential stability by allocating $6 million toward housing repair initiatives. Specifically, Baptists on Mission and Habitat for Humanity NC each have been granted $3 million, with Governor Stein emphasizing the importance of safe, habitable homes, as reported by WLOS. This support comes as the region grapples with the restoration of buildings and infrastructure in the wake of Helene's devastation.

Applications for the grant opened today, offering a lifeline to affected businesses ahead of the February 21 deadline. "These small businesses are the beating hearts of our community," Governor Stein told the Boone press conference, as he recognized the essential role these enterprises play in the local economy, according to statements obtained by WCNC. Impacted by the hurricane, the loss of a critical tourism season, businesses are not only challenged with rebuilding their physical storefronts, including the fund's management by the Appalachian Community Capital and partnering with the Community Reinvestment Fund to facilitate applications, as mentioned by WLOS.