Roanoke County Economic Development Authority’s Business Equipment Acquisition Program (BEAP) Grant offers funding opportunities for eligible for-profit businesses that desire to bolster their operations through the acquisition of new capital.
Donor Name: Roanoke County Economic Development Authority
State: Virginia
County: Roanoke County (VA)
Type of Grant: Grant
Deadline: 09/01/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
The Authority will award grants of up to 50% of capital acquisition costs in amounts up to $20,000 per award.
Eligible Acquisitions
Eligible capital acquisitions must be taxable, pursuant of the Roanoke County Code, as business personal property or business machinery or tools. Examples include:
- Tangible Personal Property such as furniture, fixtures, office and business machines, tools and equipment used in any business or profession.
- Computer Equipment Only. Does not include software. Includes computer equipment, printers, disk drives, mouse, modem, etc.
- Machinery & Tools used in manufacturing, mining, processing, broadcasting, dry cleaners, commercial laundry, and dairy businesses.
Eligibility Criteria
In order to qualify for an award, a business must:
- Employ more than three (3) full-time employees (or FTEs) at a physical location in Roanoke County,
- Have operated as a for-profit business for at least one year in Roanoke County,
- Have a current County or town business license and be in good standing with all applicable requirements, and
- Have been and continue to be in compliance and in good standing with all local ordinances, on the County tax rolls, current with Roanoke County taxes/fees or other assessments, and have a current business license as required.
For more information, visit Roanoke County Economic Development Authority
