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Helene: Proposal brings back help accessing federal money

  • Representative Chuck Edwards authored the Helene Small Business Recovery Act, a proposal in the House of Representatives designed to support small businesses rebuilding after Hurricane Helene.
  • The Act addresses the issue that businesses which took out SBA loans to stay afloat after the storm, which occurred six months prior, would otherwise be prohibited from accessing federal grant money due to the Stafford Act's prohibition against duplicative benefits, where loans and grants are considered duplicative.
  • The Helene Small Business Recovery Act clarifies that SBA loans and federal grants, offered through the CDBG-DR program, are not duplicative because SBA loans must be repaid, while CDBG-DR grants are one-time payments that do not require repayment.
  • According to Edwards' release, the Disaster Recovery Reform Act of 2018, which temporarily stated that a loan is not part of a grant, had a sunset passed in 2021, and the American Relief Act awarded $1.65 billion in disaster block grants to western North Carolina to aid in Helene recovery.
  • The bipartisan bill, supported by Democratic Rep. Don Davis and other Republican Reps, aims to provide resources for recovery, particularly for small businesses in western North Carolina and the 11th Congressional District of Edwards and the 5th Congressional District of Foxx, which were significantly impacted by the storm, ensuring they have access to both federal resources.
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Helene: Proposal brings back help accessing federal money

(The Center Square) – Small businesses’ access to federal aid in rebuilding from Hurricane Helene is supported through a North Carolina congressman’s proposal in the House of Representatives.

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The Center Square broke the news in United States on Sunday, March 30, 2025.
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