Small business funds will be available in Peninsula, rural localities
Kate Andrews //September 28, 2020//
Small business funds will be available in Peninsula, rural localities
Kate Andrews // September 28, 2020//
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 Virginia’s economy,” Northam said in a statement. “This funding will go a long way to address the immediate needs of Virginia families and provide relief to small businesses, so they are better prepared for economic growth despite the challenges brought on by the pandemic.”
The following counties and cities will receive CDBG funding for small business relief funds:
According to the governor’s office, Swissomation, an Amherst County business, has been contracted by General Motors to increase production of components for ventilators for very ill COVID-19 patients. Swissomation, which manufactures very small machine parts, will receive $569,650 in CDBG funding to help purchase special equipment to fill the order from General Motors.
Other CDBG awards, federally funded and administered by the state’s Department of Housing and Community Development, will assist housing and food programs. This year, more than $20.4 million has been distributed to communities across the state.