MIIA x MBW: Informational Interview on Disaster Recovery Efforts

The Episode focused on the significant impacts of Hurricane Helene in Asheville and Western North Carolina, highlighting community resilience amidst widespread destruction. With over 100 bridges destroyed and major road closures, businesses, especially in the hospitality sector, were heavily affected. Key discussions revolved around resources for small businesses, with Mountain Biz Works leading initiatives like the WNC Strong Helene Business Recovery Fund, which has already received 425 applications totaling $28 million in funding requests, aiming for up to $50 million in recovery loans and grants.

The meeting also covered available financing options, including SBA disaster loans and locally administered grants, with an emphasis on providing grants to minimize the financial burden on businesses. Future recovery efforts are projected to span one to three years, with a need for better coordination in donation programs and standardized information sources.

Watch the podcast here.

Source: Making it in Asheville