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Loudoun County to fund 400 additional small businesses
On Tuesday, June 23, the Loudoun County Board of Supervisors will hold a random drawing for the third round of grants from its COVID-19 Business Interruption Fund, which supports small businesses affected by the pandemic. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus Aid, Relief and […]
The Harvest Foundation invests $1M in Virginia 30 Day Fund
The Harvest Foundation in Martinsville announced Wednesday it has invested $1 million in the Virginia 30 Day Fund to launch a new relief initiative to aid small businesses in Martinsville and Henry County. The Virginia 30 Day Fund’s Pay it Forward MHC Small Business Relief Fund will provide forgivable loans of up to $3,000 to […]
One-third of small businesses not operating during pandemic
Nearly one-third of small and medium-sized businesses aren’t operating because of the COVID-19 pandemic, according to results released Monday from a national survey conducted by Facebook Inc. and the Small Business Roundtable (SBR). Approximately 86,000 people who own, manage or work for a small or medium-sized business were surveyed. “Small businesses are the heartbeat of […]
Fairfax County approves $25M small business relief fund
The Fairfax County Board of Supervisors during its Tuesday meeting approved the establishment of a $25 million small business and nonprofit relief grant program for local businesses impacted by the COVID-19 pandemic. “I am very excited about this program — the first of its kind in Fairfax County,” Board Chairman Jeffrey McKay said. “Our hope […]
Fairfax County board ponders $30M COVID-19 relief program
The Fairfax County Board of Supervisors on Tuesday will consider launching a small business and nonprofit relief grant program that could disperse up to $30 million to local businesses impacted by the COVID-19 pandemic. The proposed guidelines would allocate $10,000 to businesses with one to 10 employees, $15,000 to businesses with 11 to 25 employees […]
Loudoun County disperses $1.4M to 201 small businesses
The Loudoun County Department of Economic Development announced Friday it had dispersed approximately $1.4 million from the COVID-19 Business Interruption Fund to 201 small local businesses. The Loudoun County Board of Supervisors and the Loudoun County Economic Development Authority (EDA) established the fund. The board of supervisors diverted $1.15 million from its business incentive funding, [&[...]
ChamberRVA announces small business relief fund
Richmond’s regional chamber of commerce, ChamberRVA, on Wednesday launched its RVA Small Business Relief Fund to provide grants to eligible small businesses in the Richmond region that have been harmed by the COVID-19 pandemic. The effort is a partnership with Facebook Inc., which seeded the fund with $250,000 to be used in the first round of […]
Virginia banks have processed $3.97B+ in SBA PPP loans
UPDATED MAY 7 Since the second round of funding for the Small Business Administration’s Paycheck Protection Program (PPP) launched on April 27, Virginia banks have processed more than 46,000 loan applications for the COVID-19 relief funding for small businesses, totaling more than $3.97 billion as of May 1, according to SBA data. “All Virginia banks […]
Axios returns $4.8M in PPP funding
Arlington County-based digital media company Axios Media Inc. is returning $4.8 million it received from the Small Business Administration’s Paycheck Protection Program (PPP), according to Axios cofounder and CEO Jim VandeHei, who said the federal relief program aimed at helping small businesses keep their workforces employed had “become much more politically polarized since its incept[...]
More small-business relief funds on the way
President Donald Trump on Friday signed a bill that allocates an additional $320 billion to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) — and Virginia banks are poised to resume making loans and taking applications Monday. The SBA approved 1.7 million loans before the initial $349 billion small-business relief fund ran out after […]
Fairfax NAACP teams up with local nonprofit to aid small businesses
The nonprofit Virginia 30 Day Fund and the Fairfax County NAACP announced Thursday they have launched a partnership to provide funding to minority-owned small businesses in Northern Virginia that have been hurt economically by the COVID-19 crisis. The Virginia 30 Day Fund was founded two weeks ago by Pete Snyder, a technology entrepreneur and CEO […]
Loudoun County announces $1M small-business relief fund
UPDATED FRIDAY, APRIL 24: The Loudoun County Board of Supervisors allocated an additional $250,000 to its existing $1 million COVID-19 Business Interruption Fund on Thursday, aimed at helping small businesses in the county that have been harmed by the COVID-19 crisis. The board allocated an extra $105,000 for businesses with 3-50 employees, $110,000 for businesses […]
