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 the Grant: Grant
Deadline: 04/19/2022
Details:
Eligible Use of Fund
- Wages and benefits (including those of the applicant)
- Inventory for ongoing 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
- A for-profit business licensed and located in the City of Virginia Beach and currently open to the public
- Businesses (with the exception of Sole Proprietors) must have an Active Status in the Virginia State Corporation Commission Clerks Information System
- Businesses must have an Active Unique Entity ID
- 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 the 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
- The 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
For more information, visit VBThrive Business Relief Grant Program.
