Helene Economy Recovery Board – July 30, 2026

The City of Asheville's Economic Recovery Board convened on July 30, 2026, to discuss ongoing and upcoming economic recovery initiatives following recent tropical storm impacts. Key procurement-related topics included the Asheville Recovers Together small business recovery program, which received 772 applications requesting $42.4 million against a $14 million funding pool, with 375 applications meeting eligibility so far. The board discussed the application review and scoring process, emphasizing job creation, economic impact, and business viability as criteria. They also addressed the multi-year Optimus Ventures small business recovery initiative, with final selections expected in early August. Additionally, the board reviewed the design of a $30 million HUD-funded program aimed at rehabilitating flood-affected commercial districts through a competitive Notice of Funding Opportunity (NOFO), focusing on resilient infrastructure and economic recovery. Discussions highlighted the need for coordination with infrastructure and county-level efforts, prioritization of projects balancing resilience and economic viability, and the importance of transparent evaluation and appeal processes for grant applicants. The meeting also featured a presentation on the Arts ADL recovery plan, emphasizing support for the creative economy and potential partnerships, including a multi-year $10 million investment initiative with Etsy. Overall, the board focused on strategic allocation of recovery funds, program design, community engagement, and ensuring equitable and effective use of resources to stabilize and revitalize Asheville's economy and commercial districts.