Sponsoring Agency: City of Charlotte
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/01/2021
Size of the Fund: USD $50,000 to $500,000
The Thrive Hiring Grant is an incentive program developed as a part of the Thrive initiative funded by the CARES Act of 2020.
The grant is provided to mid-sized Charlotte businesses that are hiring multiple employees as a strategy to boost job creation and to help put displaced Charlotte residents back to work. The grant has been reactivated with remaining funds.
Companies will receive $5,000 per hire so long as companies and positions hired for meet eligibility requirements. Companies must commit to hiring a minimum of 5 people and may be incentivized up to 15 hires.
Companies that are awarded a Thrive Hiring Grant must sign an agreement with the City of Charlotte. The grant will be given for hires made between March 1st and April 30th. Companies may invoice the City starting on May 1st for hires made during the hiring period.
Companies may receive up to $75,000 for hiring 15 new employees; businesses located in the BCRG may receive up to $90,000.
o The Thrive Hiring Grant is available for mid-sized businesses that are based in or have an office location in the City of Charlotte. Businesses must have at least 25 employees and no more than 500 employees. They must be a licensed business certified in the state of North Carolina. Staffing agencies are ineligible for this grant unless hiring for internal positions.
o Businesses located in Charlotte’s Business Corridor Revitalization Geography (BCRG) are eligible to receive $6,000 per hire. Click here to check if your business is located in the BCRG.
o Businesses who have already received a Thrive Hiring Grant are not eligible to apply.
o Businesses will receive $5,000 for every Charlotte resident they hire into an open job or one that is posted after March 1st. Though not required, companies are strongly encouraged to hire candidates who have been displaced because of the COVID-19 pandemic.
o Companies must commit to hiring at least 5 people and may receive the grant for up to 15 hires. Jobs must be full-time positions (40 hours per week) and must provide benefits that start within 90 days of hire. Roles must pay at least $13 per hour or a minimum annual salary of $27,040. Jobs filled cannot be previously furloughed positions.
o On the application, companies must specify the occupations that they wish to receive the grant for.
o In order to receive the grant, hirees must be residents of the City of Charlotte. Hires must be on the company’s payroll OR hire letters must be sent to hiree prior to April 30th, 2021 to receive payment. Though not required, companies that are willing to hire from the talent pipeline of local workforce development partners will receive priority selection.
More information at: https://www.charlotteopenforbusiness.com/thriving-hiring-grant/