The VBthrive Business Relief Grant Program is a collaboration of LISC Hampton Roads and United Way of South Hampton Roads.
Donor Name: LISC Hampton Roads
State: Virginia
City: Virginia Beach
Type of Grant: Grant
Deadline: 11/30/2022
Details:
This grant program is sponsored by the City of Virginia Beach to aid businesses in recovery from the ongoing economic impact of the Covid-19 pandemic.
Eligibility Criteria
- For-profit business licensed and located in the City of Virginia Beach and currently open to the public
- Business (with the exception of Sole Proprietors) must have an Active Status in the Virginia State Corporation Commission Clerks Information System
- Business must have an Active Unique Entity ID through SAM.gov
- Must have been in operation and revenue generating on or before January 1, 2020 and be able to submit a 2019 tax return
- Have between 1 and 250 employees (including owner, contract and 1099 employees).
- Able to demonstrate at least 15% revenue loss during COVID (comparing 2019 and 2020 tax returns)
- Suffered a negative economic impact from COVID-19
- Owner must be at least 18 years of age
- Applicants may apply for one business only. Business owners with multiple businesses should apply for the largest business they own that suffered COVID revenue loss
Eligible Use of Funds
- Wages and benefits (including those of the applicant)
- Inventory for on-going operations
- Past-due bills
- Payables (rent, supplies, etc.)
- Weatherization of outdoor spaces (heaters, plastic enclosure, etc.)
- Other operational costs
- Cannot be used to start a business or to pay debt associated with closing a business
For more information, visit VBthrive Business Relief Grant Program.
