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Lawmakers Consider Additional Loan Relief For Restaurants, Hotels

CHUCK BURTON/AP

The North Carolina hospitality industry may be getting more financial help from the state.  

House members introduced a bipartisan bill on Tuesday that would offer up to $125 million in loans to restaurants, hotels, and motels. The funding would come from North Carolina's portion of the federal CARES act.

The Winston-Salem Journal reports the bill serves as a supplement to the $125 million small business loan program included in a relief fund package approved in May.

House Bill 1224 would provide up to $50,000 to restaurant and lodging owners.

It parallels the small-business loan program with a requirement that the money covers employee compensation, mortgage, rent, utilities, and other operating costs.

Priority would first be given to independent restaurants with fewer than five locations. And lodging establishments with no more than $10 million in gross receipts per taxable year would also be given precedence.

For the most up-to-date information on coronavirus in North Carolina, visit our Live Updates blog here. WFDD wants to hear your stories — connect with us and let us know what you're experiencing.

Neal Charnoff joined 88.5 WFDD as Morning Edition host in 2014. Raised in the Catskill region of upstate New York, he graduated from Sarah Lawrence College in 1983. Armed with a liberal arts degree, Neal was fully equipped to be a waiter. So he prolonged his arrested development bouncing around New York and L.A. until discovering that people enjoyed listening to his voice on the radio. After a few years doing overnight shifts at a local rock station, Neal spent most of his career at Vermont Public Radio. He began as host of a nightly jazz program, where he was proud to interview many of his idols, including Dave Brubeck and Sonny Rollins. Neal graduated to the news department, where he was the local host for NPR's All Things Considered for 14 years. In addition to news interviews and features, he originated and produced the Weekly Conversation On The Arts, as well as VPR Backstage, which profiled theater productions around the state. He contributed several stories to NPR, including coverage of a devastating ice storm. Neal now sees the value of that liberal arts degree, and approaches life with the knowledge that all subjects and all art forms are connected to each other. Neal and his wife Judy are enjoying exploring North Carolina and points south. They would both be happy to never experience a Vermont winter again.

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