VIRGINIA BEACH PANDEMIC RELIEF PARTNERSHIP SMALL BUSINESS GRANT PROGRAM
The Virginia Beach Pandemic Relief Partnership is a collaboration of United Way of South Hampton Roads, the Foodbank of Southeastern Virginia and the Eastern Shore, the Hampton Roads Workforce Council and LISC Hampton Roads funded by the City of Virginia Beach. Helping our community navigate and recover from the challenges created by COVID-19 is our top priority.
The first and second rounds of the Small Business COVID-19 Recovery Grants were such a success, that they are rolling out a third grant! All businesses with 50 employees or less, are eligible for up to $10,000 in relief — including those that have received funding from the Paycheck Protection Program and Economic Injury Disaster Loan (EIDL).
Grant awards will be based on reimbursable business expenses dated on or after March 1, 2020, for those that have met the following conditions:
Have made efforts to remain open and retain employees during the COVID-19 outbreak;
Must have been a registered Chesapeake business since March 1, 2019; and
Are current on City of Chesapeake taxes and have registered with the Commissioner of Revenue for 2020.
As an SBA lender, Virginia Community Capital is participating in the second round of Paycheck Protection Program (PPP) funding.
Amid the fear and uncertainty of 2020, we saw newfound hope. It’s hope for a revitalized future, for reestablished local businesses, and for nonprofits with realigned missions. It’s hope for a better future for every person. True change is on the horizon, and it starts in our communities. It’s time to rebuild, together.
The Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act authorizes up to $284 billion to assist eligible businesses.
The new provisions include funding opportunities such as the First and Second Draw Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers; expanded Economic Injury Disaster Loan (EIDL) options; and a new grant for shuttered venues.
As before, business owners will apply for PPP through approved lenders.
If you have questions, please do not hesitate to reach out to us or your lender.