March 30, 2020

The Paycheck Protection Program for Small Businesses

EDC Update for Local Small Businesses This update contains important information from Terry Bralley, president of the Davie County Economic Development Commission, for small businesses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Loan Guarantees Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses that maintain their payroll during this emergency. This also includes independent contractors and self-employed businesses. Download Your Guide Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis […]
March 27, 2020

Relief for American Businesses and Employees

Relief for American Workers and Businesses Read a summary of the Covid Phase 3 Unemployment Insurance and Tax Provisions to Relieve American Workers, Families, and Businesses, approved today by the federal government. The CARES ACT SUMMARY The CARES ACT summary below details the provisions made for the assistance of American workers their families and businesses during the government restrictions brought about by COVID-19 infections. This document summarizes recent unemployment insurance and tax provisions and outlines the Relief for Workers Affected by Coronavirus Act. Relief for Non-Profits Included Emergency Unemployment Relief for Governmental Entities and Nonprofit Organizations is also included in […]
March 26, 2020
Tips for supporting Davie County Business during COVID-19 restrictions

Tips for Supporting the Local Economy

Tips on What You Can Do to Help Small Businesses Stay Healthy, Wash Your Hands Often, and Follow the NC Department of Health & Human Services Guidelines. Follow the Social Media Channels for Small Businesses in your Community. Connect Virtually with Small Businesses for Products and Services. Comment and Share Posts from Small Businesses. Shop Small/Shop Local Online or Over the Telephone. Leave 5-Star Reviews for Businesses that You LOVE. Order Take-Out from Local Restaurants, Coffee Shops, Bakeries, etc. Promote Your Positive Experiences on Social Media. Buy Gift Cards NOW and Use Them Later. Buy Items NOW for Future Pick […]
March 25, 2020

Essential Businesses Should Register Today to Avoid Closure

NOTE: UPDATED 3/25/20 at 4:30 p.m. Essential Business? Register Today To Avoid Closure The NC Office of Emergency Management is collecting information on businesses that wish to be deemed essential in case we reach the point that such a designation is necessary.  “State legislators are suggesting to any business that is concerned about further closings to send an email sooner rather than later,” said Terry Bralley, president of the Davie County Economic Development Commission.  Businesses that wish to be considered essential should email beoc@ncdps.gov with the following information: Business name Point of Contact including: name email phone number address Nature […]
March 24, 2020
More than half a trillion dollars in federal funds will be distributed to state and local governments through census participation. The census impacts many programs in both the public and private sector that affect children, seniors, and families

Take 10 Minutes and Support the Future of Davie County

As of March 23rd, North Carolina is among the bottom 10 states in the nation for census response.  On Friday, March 20 the U.S. Census Bureau began publishing self-response rates for the 2020 Census. The rates represent the number of households that have filled out their census forms on their own (online, by mail, or by phone) as a percentage of all housing units, since the Bureau started sending out invitations to households in early March to participate in the Census. How is Davie County Performing? From March 12 – 23, 16.8% of households in Davie County have filled out […]
March 20, 2020
Covid-19 is having a profound effect on all businesses and each is searching for the best way to move forward

Davie EDC Shares Industry Response to COVID-19

Keeping Employees Healthy AND Keeping the Doors Open During this unprecedented global health crisis, Davie County industries are seeking ways to protect the health of their employees and keep their doors open and businesses running as smoothly as possible.  Best Practices That Are Currently Being Implemented Terry Bralley, president of the Davie County Economic Development Commission (DCEDC) surveyed the county’s largest employers to find out how they are accomplishing those goals.   “Covid-19 is having a profound effect on all businesses and each is searching for the best way to move forward,” said Bralley, as he shared steps taken by different […]
March 19, 2020
North Carolina Commissioner of Banks Ray Grace announced today that measures are in place to protect the financial system within our State. The N.C. Office of the Commissioner of Banks (NCCOB), which oversees North Carolina state-chartered banks, continues to work with regulated financial institutions to ensure that they are as prepared as possible for situations such as the COVID-19 (Coronavirus) pandemic.

NC Financial Institutions Are Prepared

Commissioner of Banks Expresses Confidence in North Carolina Financial Institutions and their Emergency Preparedness Measures In a press release on March 18, 2020, Commissioner of Banks, Ray Grace announced that measures are in place to protect the financial system within our State. The N.C. Office of the Commissioner of Banks (NCCOB), which oversees North Carolina state-chartered banks, continues to work with regulated financial institutions to ensure that they are as prepared as possible for situations such as the COVID-19 (Coronavirus) pandemic. “As the primary regulator of North Carolina state-chartered financial institutions, I am confident that our banks will be able to […]
March 9, 2020
NC Chamber luncheon - business leaders and Government Representatives discuss Economic Development in Davie County

Davie County Hosts NC Chamber of Commerce Government Affairs Representatives

By Jeanna Baxter White Davie County Business Leaders Meet With Government Representatives Members of the NC Chamber of Commerce Government Affairs team met with local business leaders and elected officials last week to learn more about the issues that shape Davie County. The NC Chamber is the leading business advocacy organization in North Carolina, working in the legislative, regulatory, and political arenas to proactively drive positive change, ensuring that North Carolina is one of the best places in the world to do business. Peter Daniel Jr., government affairs manager; Debra Derr, director of government affairs; and Jason Soper, director of […]
February 21, 2020

Congressional Industry Tour

By Jeanna Baxter White Industry Tour Showcases Davie County Businesses The Davie County Economic Development Commission hosted a tour for Congressional representatives last week to foster relationships between Davie County’s industries and the federal government.  Representatives for U.S. Senator Richard Burr, U.S. Senator Thom Tillis, and Congressman Ted Budd toured Ashley Furniture Industries and watched the furniture manufacturing and distribution process, learned about lifecycle solutions for truck parts at DEX Heavy Duty Parts, and observed the aircraft tire retreading process at Dunlop Aircraft Tyres.  “Hosting industry tours for our congressional reps provided such a great opportunity for them to see […]