$70 Million In Funding Available For Virginia Small Businesses, Nonprofits Affected By Coronavirus

Newport News VA

03 August, 2020

12:04 PM

Description

From the City of Newport News: July 31, 2020 The Rebuild VA Grant Fund, a new economic recovery fund announced by Governor Ralph Northam earlier this week, will provide $70 million in assistance to small businesses and nonprofit organizations impacted by the COVID-19 pandemic. Grants of up to $10,000 will be awarded to approximately 7,000 applicants for eligible expenses. Applicants must be in good standing with the Virginia State Corporation Commission, have a maximum of 25 employees and annual gross revenues of up to $1.5 million. Eligible businesses and nonprofit categories include food and beverage establishments, non-essential retail, exercise and fitness, entertainment and public amusement, personal care and personal grooming services, and private campground and overnight summer camps. The Virginia Department of Small Business and Supplier Diversity will administer the program, and is offering a series of webinars to offer information and guidance to potential applicants. Applications will be accepted beginning August 10. For more information on the Rebuild VA Grant Fund initiative, visit https://www.governor.virginia.gov/rebuildva. The City of Newport News and Newport News Economic Development Authority continue to assist local small businesses with the Back to Business Grant and the Grow Your eBusiness Grant, available by visiting https://www.nnva.gov/2595/COVID-19-Small-Business-Grant-Programs. This press release was produced by the City of Newport News.The views expressed here are the author's own.