April 3, 2020

CARES Act Overview and Loan Comparison

Overview and Comparison of New SBA Loan Opportunities An Overview and Comparison by the SBA of Loans Through CARES This information comes to us from the SBA and compares the relief loans available to small businesses as well as giving business owners the details of next steps to take. SBA Emergency Loans The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. The CARES Act provides funding for the Paycheck Protection Program, modifies the existing Emergency Injury […]
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 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 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 […]
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 […]
March 22, 2012

Unemployment Figures Released

The unemployment rate increased in 95 of North Carolina’s 100 counties for January 2012 while Davie County’s unemployment rate decreased from 10.4% to 10.3%. Over the last twelve months, unemployment rates increased in 58 counties, decreased in 35 counties and remained the same in seven counties.  Davie County’s unemployment rate decreased. The state-wide unadjusted unemployment rate was 10.5 percent in January 2012. Seasonal factors contributed to an increase in county unemployment rates across North Carolina in January.  “Seasonal losses in retail as well as the leisure and hospitality sector contributed to gains in the unemployment rates,” said N.C. Department of […]