During the month of July, the Rebuild! VA grant program was created to assist small businesses and nonprofit organizations throughout the state who have faced unprecedented economic distress due to the COVID-19 pandemic. Excitingly, the program has expanded its eligibility criteria to allow more small businesses to apply and receive needed assistance!
“Small businesses and nonprofits are the backbone of the Virginia economy and the bedrock of our communities. Rebuild VA will help address the vast challenges that small businesses and nonprofits across our Commonwealth are facing as they work to recover from the COVID-19 pandemic.” – Governor Ralph Northam
Small supply chain partners of businesses forced to close under Executive Order 53 or 55, as well as businesses that received Coronavirus Aid, Relief and Economic Security (CARES) Act funding, are now eligible to receive a $10,000 Rebuild! VA grant. Businesses that have received CARES Act funding shall certify that they will only use the Rebuild! VA grant for recurring expenses. Grant funds will not be used to cover the same expenses as the other CARES Act funds.
Click here to learn more about the program, including eligibility criteria!
Additionally, the Virginia Department of Housing and Community Development (DHCD) has created a brief guide for multiple small business recovery programs housed within the agency to help navigate varied program criteria and requirements.