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Feds award $13.9M in grants to capitalize Va. small business loans
The U.S. Department of Commerce’s Economic Development Administration has awarded $13.9 million in CARES Act grants that will let city, state and regional governments in Virginia administer revolving loan funds (RLF) to assist small businesses, the department announced Thursday. According to a news release, the Virginia Small Business Financing Authority will receive a $10.2 million […][...]
Va. Main Street Merit Award winners announced
The Virginia Department of Housing and Community Development (DHCD) on Thursday announced the 2020 Virginia Main Street Merit Award winners, with businesses and projects in the Shenandoah Valley and Northern, Southern and Southwest Virginia recognized. Below are the 2020 award recipients: Best Downtown Public Improvement Project: town of St. Paul for the Downtown Comprehensive Infrastructure […][...]
(Re)open season
RELATED STORY: Busch Gardens set to reopen Aug. 6. Reclining against the Williamsburg greenery, the 180-foot-tall steel serpent awaits anyone brave enough to test their mettle against it. Measuring 3,300 feet in length and boasting a top speed of 73 miles per hour, it shares the name of a Roman temple dedicated to the gods: [&he[...]
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 […]
State launches $70M fund for small businesses, nonprofits
As businesses and nonprofits continue to encounter hard times, Gov. Ralph Northam announced Monday a $70 million COVID-19 relief fund for small businesses and nonprofit organizations. Called Rebuild VA, the fund will allocate grants of up to $10,000 to about 7,000 applicants, Northam’s office said in a news release. The mo[...]
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 […]
Amherst County creates small business relief fund
Amherst County launched a grant program for small businesses suffering economic downturns due to the coronavirus epidemic, the county announced Tuesday. Amherst supervisors designated $300,000 in federal CARES Act funding, which will be administered by the county’s Economic Development Authority. Applications are being accepted now for locally owned, for-profit businesses in the county for payroll, […][...]
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 wil[...]
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[...]
Bristol’s State Street closes reopening gap
As Blackbird Bakery owner Randall Perkins watched businesses on the Tennessee side of Bristol’s State Street reopen after mandatory coronavirus shutdowns in April, he wondered why Virginia’s state government didn’t allow Bristol, Virginia, businesses to reopen then too – especially given the fact that the cit[...]
