BRG Hospitality
This page provides details about how the Department of Revenue calculated your hospitality grant for Phase 2 of the Business Recovery Grant Program. The Department issued hospitality grants to eligible businesses in NAICS Codes 71 or 72. The calculation of your hospitality grant depends on whether you received other COVID relief from one of the following programs: COVID-19 Job Retention Program, EIDL Advance, Paycheck Protection Program (PPP), Restaurant Revitalization Fund, and Shuttered Venue Operators Grant Program.
Your grant is 20% of your economic loss1 or $500,000, whichever is less.
1If you received a grant during Phase 1 of the Program, the economic loss used to calculated your Phase 2 grant is determined by subtracting the gross receipts on line 8b from the gross receipts on line 5b of your application.
Your grant is 6.40487% of your economic loss1 or $320,243.64, whichever is less.
1If you received a grant during Phase 1 of the Program, the economic loss used to calculated your Phase 2 grant is determined by subtracting the gross receipts on line 8b from the gross receipts on line 5b of your application.
North Carolina law provided $292,500,000 for Hospitality Grants to be distributed to eligible applicants. The Business Recovery Grant Program ("Program") had $27,845,028.82 remaining for Hospitality Grants during Phase 2 of the Program.
Eligible applicants qualified for grants in excess of the $27,845,028.82 available for Phase 2. In this event, the law required the Department to prioritize and fully fund grants to applicants that didn’t receive other COVID relief2. As a result, eligible applicants that didn’t receive other COVID relief2, received a grant of 20% of their economic loss1 or $500,000, whichever is less.
The law required the Department to reduce grant awards to applicants that received other COVID relief2. As a result, eligible applicants that received other COVID relief2 received a grant award equal 6.40487% of economic loss1, with a maximum award of $320,243.64. This represents a proportional reduction of the grant award before reduction, which was 10% of your economic loss1 or $500,000, whichever is less.
1If you received a grant during Phase 1 of the Program, the economic loss used to calculated your Phase 2 grant is determined by subtracting the gross receipts on line 8b from the gross receipts on line 5b of your application.
2Other COVID Relief means an award from any of the following programs: COVID-19 Job Retention Program, EIDL Advance, Paycheck Protection Program (PPP), Restaurant Revitalization Fund, and Shuttered Venue Operators Grant Program.
Example 1: John’s Shop experienced an economic loss of $50,000. John’s Shop did not receive any other COVID Relief. John’s Shop did not receive a grant during Phase 1 of the Program.
John’s Shop received a grant of $10,000. The amount is determined by multiplying the economic loss of John's Shop, $50,000, by 20%.
Example 2: Jane’s Store experienced an economic loss of $50,000. Jane’s Store received a loan from the Paycheck Protection Program (PPP).
Jane’s Store received a grant of $3,202.44. This amount is determined by multiplying the economic loss of Jane's Store, $50,000, by 6.40487%.
Example 3: Statewide Firm experienced an economic loss of $6,000,000. Statewide Firm received a loan from the Paycheck Protection Program (PPP).
Statewide Firm received a grant of $320,243.64. This amount is determined by multiplying the economic loss of Statewide Firm, $6,000,000, by 6.40487%. The result is above the maximum grant award. As a result, Statewide Firm received the maximum grant award of $320,243.64.