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Northam commits additional $20M to economic recovery fund
Gov. Ralph Northam has allocated an additional $20 million in federal CARES Act funding to assist more than 300 small businesses and nonprofits through the Rebuild VA economic recovery fund. The new funding will meet demand for the Rebuild VA program and fulfill pending grant applications for small businesses and nonprofits that applied before the […]
Northam orders companies held temporarily harmless for pandemic layoffs
Gov. Ralph Northam issued an executive order Tuesday that will hold Virginia businesses harmless for any layoffs made during three months of the pandemic. The end-of-year order protects businesses from having to pay an additional $200 million in payroll taxes to replenish the Virginia Employment Commission’s Unemployment Insurance Trust. Due to the COVID-19 economic fallout, […]
Richmond extends deadline for second small business grant fund
The city of Richmond announced Monday it has extended the deadline for its Richmond Recovers II Grant Program through Dec. 18. The program will provide applicants with grants of $15,000 for COVID-19 pandemic relief and will be funded with $2 million from the city’s CARES Act appropriation. Small businesses other than restaurants, retail and beverage […]
Richmond launches 2nd grant program for small businesses
The city of Richmond announced a second small business grant program Friday that will provide applicants with grants of $15,000 for COVID-19 pandemic relief. Richmond Recovers II will be funded with $2 million from the city’s CARES Act appropriation. Applications can be submitted online starting Monday, Dec. 7 and continuing through Dec. 16, according to […]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of[...]
Capital Region Small Business Development Center opens in Richmond area
Now part of the state’s Small Business Development Center (SBDC) network, the Capital Region SBDC opened this month to assist Richmond-area small business owners, Virginia Community Capital announced Monday. Funded by the U.S. Small Business Administration with $192,000 in CARES Act money, plus matching grant funds from regional sources, the center will provide COVID-19 assistance, […[...]
Va. LISC, Chesterfield County announce small business relief fund
LISC Virginia and Chesterfield County announced Tuesday the launch of the $250,000 Chesterfield County Microenterprise Relief Fund, which will provide small businesses with five or fewer employees grants of up to $10,000 for COVID-19 relief. Funding can be used to pay for payroll, rent, utilities, vendor bills and other COVID-19-related expenses. Applications opened Monday at […]
Arlington tech company names health operations lead
Arlington-based technology services provider Halfaker and Associates LLC announced Wednesday that it has named Katrina Tuisamatatele as deputy executive vice president of health operations. With more than 25 years of experience, Tuisamatatele most recently worked for the Department of Veterans Affairs’ Office of Information & Technology (OI&T), where she served as director of the hea[...]
Loudoun County allocates additional small business funding
The Loudoun County Board of Supervisors has allocated an additional $145,000 to fund 29 more businesses with $5,000 COVID-19 Business Interruption Fund grants, Loudoun Economic Development announced Wednesday. The additional allocation will allow the fund to cover all 660 certified eligible businesses that applied for the county’s fifth round of COVID-19 small business relief funding. [&hell[...]
Richmond extends deadline for small business, nonprofit relief program
The city of Richmond has extended the deadline for its Richmond Recovers Grant Program, giving small businesses and nonprofits until Oct. 19 to apply for grants ranging from $10,000 to $15,000, Richmond Mayor Levar Stoney’s office announced Tuesday. The city allocated $3 million of its federal CARES Act funding to the program, which has $1.68 […]
State to allocate $10M in block grants for COVID-19 recovery
The state government is earmarking more than $10 million in federally funded Community Development Block Grants (CBDG) for COVID-19 recovery projects across the commonwealth, including some small business assistance funds, Gov. Ralph Northam announced Monday. “Our administration remains committed to investing in rural communities during this unprecedented health crisis and as we work to rebuild [...]
Va. Small Business Financing Authority didn’t loan out $28M
The Virginia Small Business Financing Authority (VSBFA) disbursed only 8% of its available funds in 2018 and just 10% in 2019 for loans, grants and bonds to help small businesses — holding on to $28 million, according to a study released Monday by the Joint Legislative Audit & Review Commission (JLARC). A division of the […]
