Virginia SBDC: Review, Reopen, Recover

The Virginia Small Business Development Center (SBDC) represents the most extensive business development program in the commonwealth, providing professional business counseling, training and business resources to help grow and strengthen businesses across the state. Today, as small businesses consider reopening and/or planning to transition to the “new normal,” the Virginia SBDC strongly encourages business owners … More Virginia SBDC: Review, Reopen, Recover

Using CDBG Resources in Response to COVID-19

Since 1982, the Virginia Department of Housing and Community Development (DHCD) has administered the Community Development Block Grant (CDBG) program, helping local governments address critical needs, such as housing, infrastructure and economic development. Today, amidst an unprecedented public health emergency, CDBG funds continue to serve as a valuable resource, assisting eligible localities in responding to … More Using CDBG Resources in Response to COVID-19

Revolving Loan Funds: A Basic Overview

Revolving Loan Funds (RLF) serve as sources of critical financing when credit access remains limited, supporting the development and expansion of small businesses, property owners, micro-enterprises and other special initiatives. RLFs are self-replenishing pools of money that utilize interest and principal payments on past loans to issue new ones, providing access to flexible sources of … More Revolving Loan Funds: A Basic Overview

VMS 2019 Annual Report

In 2019, the Virginia Main Street (VMS) program worked with designated and commercial affiliate communities to employ the Main Street Approach™ to create qualitative and quantitative outcomes through targeted design, economic, organization and promotional strategies and activities. Through grant opportunities, trainings and technical assistance focused on the latest in economic development, entrepreneurism, place-making and fundraising, … More VMS 2019 Annual Report

CDBG VIDA Grad- The Advancement Foundation

Jasmine Beane is described by the staff at The Advancement Foundation (TAF) in Vinton as a cool, shy lady whose personality shines bright through her designs and clothing. Jasmine Beane LLC is an artsy, couture-inspired clothing brand emphasizing sexy, sophisticated one-of-a-kind designs that highlight the wearer’s playful and artistic side. In August 2019, Beane enrolled … More CDBG VIDA Grad- The Advancement Foundation

COVID-19 Business Task Force: Main Street Represents!

On April 24,  Governor Ralph Northam announced the formation of the Commonwealth’s new COVID-19 Business Task Force, comprised of representatives from varying Virginia industries, geographies and backgrounds. The group of diverse leaders was established to offer advice and guidance as the cabinet seeks to develop safe and responsible strategies for easing restrictions on businesses and … More COVID-19 Business Task Force: Main Street Represents!

Main Street America: COVID-19 Data and Resources

Recently, Main Street America (MSA) released interactive maps that display the results from their sweeping online survey, “The Impact of COVID-19 on Small Businesses.” The maps provide a state and local breakdown of the survey results from more than 5,850 small-business owners, helping us to better understand what is happening in Main Street programs across … More Main Street America: COVID-19 Data and Resources