North Carolina lawmakers will focus on Hurricane Helene relief and recovery in the upcoming weeks. The NC General Assembly will reconvene in Raleigh for a one-day session next Wednesday, where they might pass initial hurricane relief legislation. If necessary, the session could be extended or another session added later this month.
As the immediate and long-term needs become clearer, more relief measures are expected to be discussed during the November 19-22 mini-session, in December, and throughout the 2024 legislative session.
With over $4.75 billion in reserve funds, North Carolina has the financial capacity to provide a great deal of assistance to the communities that have been ravaged by Hurricane Helene.
Here’s how your business can help and what to look out for in upcoming legislation:
1. Advocate for Comprehensive Relief: The NC General Assembly is expected to provide financial assistance and extend filing deadlines for businesses affected by the hurricane. It’s essential that this relief is also fully extended to nonprofits. Nonprofits play a crucial role in disaster response, and their inclusion in state relief packages will ensure they can continue serving affected communities without added financial strain.
2. Promote Grants Over Loans: As the legislature considers funding options, businesses should advocate for relief packages that prioritize grants over loans to help with rebuilding. Grants provide essential financial support without creating long-term debt burdens for businesses. Loans, while useful, can add financial pressure at a time when recovery is still so uncertain.
3. Contribute to Relief Efforts: Encourage your company to contribute financially to disaster relief or organize volunteer efforts to support local nonprofits. You can find trusted organizations through the North Carolina Department of Public Safety, and your efforts can directly impact the recovery of affected communities.
By advocating for legislative support that eases financial burdens and ensures fair treatment for businesses, your company can help shape an equitable recovery for North Carolina.