The City of Raleigh seeded $1 million in funds to establish the COVID-19 Raleigh Relief Fund. Two well-known business support organizations, Wake Tech and Carolina Small Business Development Fund were identified as partners to distribute the funds. Hear how two Raleigh small businesses used the funds to meet the needs of their business operations.
Two Dots Studio
Two Dots Studio, an inclusive digital storytelling company located in Raleigh, was a recipient of funding from the Wake Tech Rally Fund. Aaron Thaddeus, Founder and Creative Lead for Two Dots Studio, reported that his company began 2020 with a strong outlook and a large number of contracts lined up. That all changed in March as it did for many across the globe.
Aaron was attracted to the Rally Fund because of its straightforward application process. Aaron serves as a leader in creative storytelling and community building – and he used the funding to do just that. Thanks to the funding he received he was able to hire a team of creatives to partner with members of the Raleigh community to create a powerful video that shares just why what people love about Raleigh and the local economy.
Headquarters Barbershop, located on Capital Boulevard in Raleigh, experienced a revenue loss because of mandated closures due to COVID-19. Jimmy Evans, who owns the barbershop, reports that it was extremely difficult to pay their bills while the barbershop was closed. He learned about the City of Raleigh’s small business grant for businesses hit by COVID-19 and was directed to Carolina Small Business Development Fund (CSBDF) to apply. His business wasn’t funded at first.
After reaching out to CSBDF about business coaching he spoke to Angela Milton. Angela provided additional analysis of his grant application and provided guidance about parts of his application were missing. Once Jimmy submitted the missing information pieces, his business had funding within six days. Jimmy recommends Carolina Small Business to any small business in need of funding or coaching!
Several area organizations are offering financial help, grants, coaching and other resources for small businesses during COVID-19.