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Student Corner: Emergency Funds for Small Businesses

April 17, 2020

As of April 2020, the full economic impacts of the novel coronavirus (COVID-19) are still unknown. Millions of Americans have filed for unemployment compensation, and non-essential businesses have been forced to close. In the process, small business owners have been left wondering how to meet debt a … Continued

Student Corner: How North Carolina has used Community Development Block Grants to Fund Disaster Recovery Programs

April 3, 2020

This post is Part 2 of a two-part series explaining how Community Development Block Grants for Disaster Recovery (CDBG-DR) are administered in North Carolina and how they’ve been used to help rebuild communities affected by Hurricane Matthew and Hurricane Florence. In October 2016, Hurricane Matthew … Continued

Local Government Emergency Loans for Small Businesses: Contracting with Financial Institutions for Loan Administration

March 25, 2020

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive. As their bills pile up but no revenue comes … Continued

Local Government as Lender: Emergency Loans for Small Businesses

March 20, 2020

Economic activity can be disrupted by any number of unanticipated emergencies, ranging from natural disasters to virus outbreaks like COVID-19. When these events threaten the survival of small businesses, the owners may turn to government for assistance. One legal and effective way for a government … Continued

Student Corner: Community Development Block Grants – Disaster Recovery Funds (Part 1)

March 17, 2020

Along the eastern seaboard, the intensity and frequency of severe weather caused by tropical storm systems and hurricanes is expected to increase. Most recently in North Carolina, Hurricanes Matthew and Florence caused severe damage to private property and public infrastructure. As similar storms ar … Continued

Notice and Hearing Requirements for Economic Development Appropriations

November 21, 2019

Economic development appropriations pursuant to G.S. 158-7.1 have long required a properly-noticed public hearing prior to approval. When the appropriations involve business location incentives, the notice and hearing requirements take on constitutional significance as a result of North Carolina Sup … Continued

A Lesson for CED Professionals on The Tipping Point: When Local Partners Pull Out of Fed and State Programs

October 15, 2019

Why would you, as a local CED professional, hesitate to bring in a federal or state program to your community? Why do some federal and state programs struggle to recruit and maintain local partnerships? Many federal and state programs rely on community-based partners to implement and/or deliver serv … Continued

An Important Change to Formula for CED Programs?

July 16, 2019

We often hear “measure what matters,” usually in the general context of discussions about what you are measuring. The Federal Office of Management and Budget (OMB) is considering an important change in how we measure inflation rather than generally what we measure when it comes to a number of signif … Continued

Local Governments: Financial Feasibility Analysis for Your Revitalization Projects

June 12, 2019

Do you have a revitalization project that is a local government priority? Did you know that local governments can obtain real estate development feasibility analysis by UNC graduate student teams at no charge? Since 2012, UNC faculty and staff associated with the Development Finance Initiative at th … Continued

The Role of the NC Historic Rehabilitation Tax Credit in a Development Project

May 28, 2019

Last week, both the Senate and House of the North Carolina General Assembly included an extension of the state’s Historic Rehabilitation Tax Credit (HTC) in their budget bills, allowing the credit to continue until January 1, 2024. The fact that both chambers included the extension in their budgets … Continued