The VBthrive Business Relief Grant Program is a collaboration of LISC Hampton Roads and United Way of South Hampton Roads. 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.
Donor Name: LISC Hampton Roads
State: Virginia
City: Virginia Beach
Type of Grant: Grant
Deadline: 02/28/2023
Size of the Grant: Up to $50,000
Details:
Funding Information
- Grant amounts are up to $50,000 depending on eligibility.
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
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.
Additional Application Information
- A special pool of grant funds is reserved for businesses in the hospitality industry (tourism, travel, hospitality) including hotels, restaurants, catering businesses, drinking places and mobile food services. Business must be licensed and have a brick-and-mortar location in the City of Virginia Beach. These businesses, regardless of number of employees, are encouraged to apply.
- Applicants may apply for one business only and must be 18 years of age to apply. For business owners with multiple businesses, please complete this application based on your largest business owned. Each grant is limited to one individual/business.
- Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission.
- If an applicant previously received a VBRelief.org Small Business grant, they are eligible to apply for a second grant.
- All awardees will have to certify that they are negatively impacted by the Covid-19 crisis and be able to demonstrate through tax returns a revenue loss of at least 15%.
- Non-profit organizations are ineligible for this particular relief funding program.
For more information, visit LISC Hampton Roads.
