~ Eligibility criteria expanded to include businesses that received federal CARES Act funds, supply chain partners affected by closures ~
Governor Ralph Northam today 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.
This round is set to put $200,000 directly into the hands of local businesses
On Thursday, Aug 6th, Mecklenburg County’s CARES Act Committee approved a request by the County’s Tourism Coordinator, to fund a second round of the Gift Card Match Program at $100,000. The program, first launched in May of this year, is designed to support small businesses impacted by the Covid-19 pandemic by offering a dollar-for-dollar match on gift cards purchased through the online store to any for-profit, locally-owned, non-franchise, retail, restaurant or service-based business located in Mecklenburg County.
The Commonwealth is launching a new grant program for small businesses and nonprofits called Rebuild VA. The program will provide grants of up to three times the applicant's average monthly eligible expenses up to a maximum award of $10,000. The application will become available on August 10, 2020.
Virginia’s Growth Alliance and The Southern Virginia Regional Alliance have joined forces with other collaborative partners to create a Bridge to Recovery program to support the GO Virginia Region 3 service area as it recovers from the COVID-19 pandemic. The Bridge to Recovery program recently received a $925,000 grant from GO Virginia to assist with providing immediate and impactful funding for businesses through the recovery periods of the COVID-19 pandemic and to bridge supply chain needs of companies with service providers.
Company to invest $31.7 million to establish first-of-its-kind waste plastics facility and manufacturing operation
Governor Ralph Northam today announced that Braven Environmental, a leader in deriving fuel from landfill-bound plastic, will invest $31.7 million to establish a manufacturing operation in Cumberland County’s shell building. Virginia successfully competed with North Carolina and South Carolina for the project, which will create 52 new jobs. This is the first economic development announcement for Cumberland County since 2009.
“Braven Environmental will bring well-paid job opportunities to the citizens of Cumberland County while lessening our overall environmental footprint in the years to come,” said Governor Northam. “Providing the business environment and infrastructure to attract operations of this kind to rural Virginia is critical to our efforts to generate economic growth in all corners of the Commonwealth. Our economy is hurting right now, and these new jobs will have a great impact in the region.”
COVID-19 is keeping us all at home but you can still get a glimpse of things to do in VGA with the Spring 2020 issue of The Virginian, our lifestyle magazine.
Virginia's Growth Alliance has unique attractions that many aren't even aware of, places like:
Check out The Virginian to learn more about life in Virginia's Growth Alliance. Read it now!