North Carolina legislation · 2025-2026 Session
North Carolina S891: Small Business Investment Grant.
Status: Introduced, April 29, 2026
What the bill says
An act to provide funds to assist small businesses adversely impacted by covid-19.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO PROVIDE FUNDS TO ASSIST SMALL BUSINESSES ADVERSELY IMPACTED BY COVID-19. Whereas, the unprecedented issues surrounding COVID-19 have impacted North Carolina's business economy; and Whereas, small businesses, particularly those in underserved areas, have been more significantly impacted; and Whereas, small businesses need access to capital to make crucial investments and stay afloat during this pandemic; Now, therefore, The General Assembly of North Carolina enacts: SECTION 1.(a) Appropriation. - There is appropriated from the General Fund to the Department of Commerce the sum of two hundred fifty million dollars ($250,000,000) in nonrecurring funds for the 2025-2026 fiscal year to be used as provided in this act. Funds appropriated in this section do not revert but remain available to the Department for the purposes provided in this act. SECTION 1.(b) Purpose. - The purpose of this section is to help small businesses in North Carolina that experienced economic disruption as a result of the COVID-19 pandemic by providing grants awarded by the Department, in consultation with the North Carolina Department of Revenue, to offset the economic harm suffered and to promote economic development and maintain economic stability by helping to preserve and sustain a vital element of the State's economy. SECTION 1.(c) Small Business Recovery Program. - There is created the COVID-19 Small Business Recovery …
Sponsors
- Smith, Kandie D. (D, 5) · primary sponsor
- Murdock, Natalie S. (D, 20) · primary sponsor
- Robinson, Gladys A. (D, 28) · primary sponsor
- Theodros, Caleb (D, 41)
- Waddell, Joyce (D, 40)
Latest actions
- : Re-ref Com On Appropriations/Base Budget
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: BUDGETING, COMMERCE, SMALL BUSINESS, PUBLIC, DISASTERS & EMERGENCIES, PUBLIC HEALTH, COMMERCE DEPT., CORPORATIONS, FOR-PROFIT
Common questions
- What is S891?
- S891 is a bill in the North Carolina Legislature (2025-2026 Session): Small Business Investment Grant.
- What does S891 do?
- In its own words: An act to provide funds to assist small businesses adversely impacted by covid-19.
- What is the status of S891?
- Introduced as of April 29, 2026. Latest action: Re-ref Com On Appropriations/Base Budget (April 29, 2026).
- Who sponsored S891?
- Smith, Kandie D. (D, 5), with 4 co-sponsors.
- Where is the official record for S891?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S891
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.