Source: David Purtell, TRIANGLE BUSINESS JOURNAL, 5/4/20


North Carolina Gov. Roy Cooper signed a $1.57 billion relief package on Monday to aid the state's response to the coronavirus pandemic after lawmakers developed and passed the bill last week. The General Assembly’s COVID-19 bill, funded through federal aid the state received through the CARES Act passed by Congress, includes $125 million for the Golden LEAF Foundation to provide grants to organizations for the purpose of making emergency loans to small businesses impacted by the pandemic. The foundation previously launched a $15 million recovery fund to respond to the crisis.

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