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The original item was published from 9/21/2020 11:59:00 AM to 10/22/2020 11:33:16 AM.

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Economic Development

Posted on: September 21, 2020

[ARCHIVED] State expands criteria for Rebuild VA grants for small businesses

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Sept. 21, 2020 - Gov. Ralph Northam announced that Rebuild VA, the $70 million economic recovery fund launched in August, is expanding its eligibility criteria to allow more small businesses to apply. Businesses that received funding from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and supply chain partners of businesses whose normal operations were impacted by the COVID-19 pandemic are now eligible to receive grants of up to $10,000.

Businesses that have received federal funds must certify that they will only use the Rebuild VA grant for recurring expenses and that the grant will not be used to cover the same expenses as the other CARES Act funds.

“When we initially launched Rebuild VA, we focused on reaching the small businesses and nonprofit organizations most in need,” said Governor Northam. “I am deeply grateful for the work of our state agencies to swiftly adjust the parameters of this program so we can assist more Virginia businesses as they weather this health crisis and build back stronger.”

Full press release