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:
On a competitive basis, 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 to Chapter 21 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 or Town of Vinton,
- Have operated as a for-profit business for at least one year in Roanoke County or Town of Vinton,
- 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 or Town tax rolls, current with Roanoke County or Town of Vinton taxes/fees or other assessments, and have a current business license as required.
For more information, visit EDA.
