The Woolly Worm Festival, That Is Held Each Year In Banner Elk North Carolina, Has Been Canceled Due To The COVID-19 Pandemic. According To A Press Release, This Was Not A Decision The Board Of Directors Took Lightly. Profits From The Festival Are Given Back To The Community To Enhance The Lives Of Children And To Promote Business And Tourism In Avery County, So This Will Cause A Major Economic Impact To The Area. The Woolly Worm Festival Is Expected To Return Next Year.