The Buncombe County Service Foundation sponsors One Buncombe, a community response fund to to provide financial relief to small businesses and individuals. Applications will be accepted February 8-28th. Sole-proprietorships are eligible for up to $2500 and small businesses with 2-25 full-time equivalent employees are eligible for up to $5,000.
Thanks to the efforts of local governments, area residents, and corporations, the One Buncombe fund has loaned $853,000 to 92 area businesses to mitigate the economic impact of COVID resulting in the retention of 674 jobs according to Kit Cramer, chair of the Buncombe County Service Foundation. West Asheville Business Association has donated $1,000 to this effort to support small businesses in our community.
Majik Studios was the recipient of a One Buncombe Fund loan in May 2020, which gave the business a foundation to build on in a shaky year and a new economy. Early in the pandemic, as in-person classes needed to slow or stop, revenue disappeared but expenses didn’t. “When I received the One Buncombe fund loan in May, I felt a heavyweight lifted off my shoulders,” said Pam Granger Gale, the studio’s owner. It covered several months of rent and expenses, providing Majik the bandwidth to develop a reopening strategy and market new, smaller in-person classes that can be done safely, which has been something they’ve seen a lot of interest in throughout 2020. Through these private, 4-person classes, Majik is set to remain a vibrant, growing part of the local arts community even through a difficult time.
Mountain Bizworks is a resource for specifics on eligibility and the application process.
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