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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 […]
Loudoun County allocates additional $4.3M to small business grants
The Loudoun County Board of Supervisors has approved an additional $4.3 million in federal CARES Act funding to go to its COVID-19 Business Interruption Fund, which supports eligible small businesses impacted by the coronavirus with $5,000 grants. During the first three rounds of funding, Loudoun County disbursed $7.1 million to more than 1,000 businesses. “Even […]
Montgomery County, Blacksburg, Christiansburg launch small business relief grants
Montgomery County and the towns of Blacksburg and Christiansburg on Wednesday launched a grant fund to support small business recovery in response to COVID-19. Eligible businesses can receive one-time grants of up to $27,500. The Small Business Recovery grant program is funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and funding […]
Amherst County launches small business relief program
The Economic Development Authority of Amherst County (EDA) announced Tuesday the launch of its $500,000 Back in Business grant program, offering small businesses up to $15,000 in funding. The EDA received the funding Department of Housing and Community Development (DHCD) Community Development Block Grant (CDBG) for small business recovery assistance. Small businesses can also apply […]
Fairfax adds $20M to small business relief fund
The Fairfax County Board of Supervisors announced Wednesday it has directed an additional $20 million in funding to its Fairfax Relief Initiative to Support Employers (RISE) relief program — bringing its total funding to $46 million aimed at helping small businesses and nonprofits during the pandemic. The funding comes from the federal Coronavirus Aid, Relief […]
UPDATED: Nearly 110K Virginia businesses received PPP funds
The U.S. Small Business Administration has released a list of major recipients of its $659 billion Paycheck Protection Program small business relief program, with exact loan amounts redacted. Of the nearly 110,000 small businesses that received funding in Virginia (including Virginia Business Media LLC), approximately 16,100 businesses in Virginia were named on the list of […]
Roanoke County launches small business relief grants
The Roanoke County Economic Development Department announced Monday it has launched a $1 million small business grant program to help businesses suffering from COVID-19 closures in the county and the town of Vinton. The program is being funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and will help businesses to cover […]
300+ Alexandria small businesses receive COVID-19 funding
More than 300 small businesses in Alexandria were funded by the Alexandria Back to Business (ALX B2B) grants program in the wake of the COVID-19 crisis, the Alexandria Economic Development Partnership (AEDP) announced Thursday. In May, Alexandria City Council committed $2.4 million from its federal CARES Act appropriations, and allocated an additional $2 million from […]
Virginia 30 Day Fund makes 500th grant
The Virginia 30 Day Fund, a Charlottesville-based nonprofit, announced Wednesday it has disbursed 500 “lifelines” — or $3,000 forgivable loans — to small businesses in Virginia that have financially struggled during the COVID-19 pandemic. Seeded with $100,000 from tech entrepreneur Pete Snyder and his wife, Burson, the Virginia 30 Day Fund was born to fill […]
United Way of Greater Charlottesville teams up with Va. 30 Day Fund
The United Way of Greater Charlottesville announced Monday it has partnered with the Virginia 30 Day Fund with a goal to disburse $100,000 in funding to local early education centers, family day homes and minority-owned businesses facing financial challenges due to COVID-19. The United Way has made an initial $24,000 seed grant to the Virginia […]
‘Our chance to restart and reinvent’
As part of its COVID-19 economic recovery initiative Project Rebound, the Charlottesville Regional Chamber of Commerce on Thursday released a blueprint outlining recovery action steps for the business community. Produced by Big Four accounting firm KPMG LLP, the “Blueprint for Economic Resiliency and Reinvention in the Greater Charlottesville Region” maps out recovery action steps based [&he[...]
