Asheville Receives $2.5 Million Boost from Lowe’s for Small Business Recovery Post-Hurricane Helene

Asheville Takes Steps Toward Recovery with Lowe’s New Fund

As the beautiful region of Western North Carolina begins to pick up the pieces after the devastating impact of Hurricane Helene, Lowe’s is stepping up to lend a helping hand. In a heartfelt move aimed at supporting the local community, Lowe’s has unveiled the Western North Carolina Small Business Recovery Fund. This fund, amounting to an impressive $2.5 million, is designed to provide grants directly to small businesses that have been impacted by the hurricane.

Grant Details and Application Process

Starting on November 18, small businesses located in disaster-declared communities throughout Western North Carolina can apply for grants to address their most pressing needs. This includes vital support for payroll, rent, and even the replacement of equipment or tools that may have been lost during the storm.

In total, the fund will distribute 100 grants of $20,000 each, marking a substantial $2 million investment in the recovery of small businesses. It’s worth noting that small businesses are the heart and soul of the region, playing a critical role in supporting the vibrant local economy, which relies heavily on tourism, agriculture, and artisan industries.

Words of Encouragement from Leaders

Lowe’s chairman and CEO, Marvin Ellison, expressed the company’s commitment to the community, stating, “The economic toll of Hurricane Helene will be felt for years to come. Small businesses are the cornerstones of the communities we serve – not only are they our customers, but also our vendors, neighbors, church members, and friends.” He added, “The faster we can help small businesses get back on their feet, the faster the region can begin to recover.”

LISC to Manage the Fund

The fund will be managed by the Local Initiatives Support Corporation, known as LISC, which is recognized as the largest community development organization in the nation. Small business owners interested in applying for these grants can find more information at LISC.org/Lowes starting from the application opening date.

Additional Community Support Initiatives

But Lowe’s support doesn’t stop at the recovery fund. To further aid local businesses during the bustling Thanksgiving period, the company is organizing a series of events aimed at helping affected restaurants and artisans. On November 26, Lowe’s plans to distribute 3,000 family-style Thanksgiving meals at six of its stores across the region, including locations in Asheville, Banner Elk, Boone, Marion, and Weaverville. These meals, purchased from numerous local caterers, will help feed over 12,000 people in the hardest-hit communities.

Furthermore, on Small Business Saturday, November 30, Lowe’s of West Asheville is hosting a festive Holiday Pop-Up event specifically for local artisans who have faced challenges due to the flooding in Asheville’s River Arts District. Each participating artisan will receive a $1,000 grant to help restock their supplies and can showcase their work at the event, which runs from 10 a.m. to 2 p.m. Attendees can also enjoy food trucks, children’s activities, and more!

Commitment to Continued Support

This latest initiative is part of Lowe’s larger pledge of $12 million to aid relief and recovery efforts following the destruction caused by Hurricane Helene and the subsequent damage from Hurricane Milton. Contributions have already been made to support first responders and local nonprofits, including a $750,000 grant to assist in rebuilding a veterans housing facility. Additionally, Lowe’s volunteers have been actively engaged in cleanup efforts, working alongside nonprofit organizations to remove debris and restore the beauty of Western North Carolina.

With these endeavors, Lowe’s aims to foster resilience within the community and help pave the way for a brighter future for small businesses affected by recent challenges. To stay updated on Lowe’s ongoing relief efforts and to access necessary support for cleanup, repair, and rebuilding, check out their resources. Together, the community is taking meaningful steps toward recovery.