COVID-19 BUSINESS RESOURCES

 

 

UPDATE – October 28, 2020 – Governor Ralph Northam announced that Rebuild VA, a grant program to help small businesses and nonprofit organizations affected by the COVID-19 pandemic, will expand eligibility criteria and increase the amount of grant money businesses receive. This program has allotted an additional $30 million with expanded eligibility. Any small business or nonprofit with $10,000,000 or less in gross revenue OR 250 or fewer employees may now apply.

This is a state grant program administered by the Virginia Department of Small Business and Supplier Diversity.

PROGRAM GUIDELINES & APPLICATION

 

BUSINESS RESOURCES FOR RECOVERY VIDEO SERIES

Gift Certificate Match Program – The MATCH and NO CATCH!!
(October 29, 2020)

Moving My Business Forward – PPP, Phase 3 and Beyond
(July 2, 2020)

COVID-19 Business Interruption Small Business Grant
(June 15, 2020)

Reopen and Rebound -Alcohol Licensing & Your Business
(June 3, 2020)

Your Local Government Reopening Strategy
(May 14, 2020)

Federal Stimulus $$ – What Businesses Need to Know
(April 27, 2020)

Prepping to Apply – Next Federal Stimulus $$ Bill
(April 23, 2020)

Business Resources for Recovery
(April 16, 2020)

 

BUSINESS REOPENING & RECOVERY

To get assistance from the Small Business Development Center (SBDC) or Hampton Roads Chamber, email: recovery@hrchamber.com or call 757-664-2596.

GOVERNOR’S OFFICE INFORMATION

 

HAMPTON ROADS WORKFORCE COUNCIL RESOURCES

  • VIRGINIA CAREER WORKS CENTERS – Virginia Career Works Centers in Franklin, Norfolk and Portsmouth are open by appointment only (mostly virtual).  Staff is still manning the Centers and continuing to stay in touch with its partners, employer customers and program participants via the telephone and internet communications.
  • BUSINESS SERVICES – The Business Services team is working with employers to assist with their needs as well. If you are a business owner, employer or HR representative who is considering work stoppages, layoffs or furloughs, we encourage you to contact the Business Services team. Also, if you know of a business that is actively hiring please pass that information along to Steve Cook at the workforce council so that they can repost on their social networks.

SBA CORONAVIRUS RELIEF OPTIONS

Thank you to all who applied for Round 1 or Round 2 of the Small Business Grant Program. Funding has been depleted, and we are no longer able to accept applications.  We will continue to process all applications received prior to October 20, 2020.  If you applied for this grant and still need to access grant documents, click HERE.

Effective June 15, 2020, the SBA reopened the Economic Injury Disaster Loan (EIDL) program portal to all eligible applicants experiencing economic impacts due to COVID-19. The EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid.

***It is recommended that applicants complete the paper application forms before applying online in order to ensure you have all the required information in advance.***

DOWNLOAD PAPER APPLICATION FORMS

Previous EIDL & Advances Status: If you previously submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue and your patience is appreciated.  If you would like to further inquire about the process and understand what to expect next you should contact the Office of Disaster Assistance 24/7 Customer Service line at 800-659-2955.

 

OTHER SOURCES OF FUNDING

  • Rural Relief Small Business Grants – if you are small business located specifically in a rural community, a grant application will open on Monday, September 28th.

With support from funders like Verizon and Sam’s Club, The Local Initiatives Support Corporation (LISC) is providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period. LISC supports small businesses and enterprises affected the Covid-19 across the country, especially those in underserved communities, including entrepreneurs of color, women- and veteran-owned businesses that often lack access to flexible, affordable capital.

  • VIRGINIA 30 DAY FUND

The non-profit Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. It is designed to be quick, easy, and free of red tape, as small business owners work to keep employees on board in the near term. LEARN MORE

GENERAL ISLE OF WIGHT COUNTY INFO (as of July 29, 2020)

To contact a member of the Economic Development Department, please call (757) 356-1962 or email iwced@iwus.net.