One NC Small Business Program Update

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The One North Carolina Small Business Program was allocated $2M from the state legislature for Fiscal Year 2023, which started on July 1. The program consists of Incentive grants and Matching grants. Incentive grants provide funds to partially reimburse expenses incurred in preparing and submitting a Phase 1 proposal. Matching grants provide funds to match, up to a certain dollar amount, funds that are received via a Phase 1 award.

An update on the amounts available for the Incentive and Match, as well as additional criteria, are expected to be announced in early October when solicitations for each program are released. More information will be shared as soon as the information is available.

If you submitted a Phase 1 proposal or received a Phase 1 award notification between 7/1 and present, be sure to stay on the look out for updated information, given that you will need to apply for either the Incentive or Match soon after the program goes live.

Information on the program is available for review at: We expect updated information to be published here as well.

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