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Important Updates to REBUILD VA Covid-19 Grant Program – Eligibility Expanded & Funding Increased

If you are a small business, non-profit, or sole proprietor affected by COVID-19, please take a minute to review the below info to see if you are now eligible for grant assistance, or now eligible for more funds even if you were approved and received assistance from this program already.

Governor Northam’s grant program REBUILD VA, aimed at assisting small businesses and non-profits affected by the COVID-19 pandemic, has significantly expanded its eligibility criteria and increased the amount of grant money businesses can receive.

Businesses with less than $10 million in gross revenue or fewer than 250 employees will be eligible under the new criteria, and the maximum grant award will increase from $10,000 to $100,000.

To be considered eligible, the business, sole proprietor, contractor, or nonprofit must demonstrate:

  • That their normal operations were limited by Governor Northam’s Executive Orders Fifty-Three or Fifty-Five, AND/OR
  • They were directly impacted by the closure of such businesses, AND/OR
  • They are a supply-chain partner of a business whose normal operations were impacted by the pandemic

If this describes your entity, please review the below additional eligibility guidelines:

  • You are a non-profit, corporation, sole proprietor, independent contractor, or Virginia tribe
  • Principal Place of Business is in Virginia
  • You have 250 or fewer full-time employees
  • Your gross revenue is $10 million or less
  • You were operating prior to 3/12/2020
  • You are currently in good standing with the Virginia State Corporation Commission (if applicable)
  • You engage in legal activity

If you fit these criteria – please consider applying online. This funding needs to be allocated soon, and we want to make sure people who were affected know about these significant program expansions and have access to the funds that have been allocated to help you.

Please note: Rebuild VA funding may be utilized for the following eligible expenses:

  • Payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave;
  • Employee salaries;
  • Mortgage payments, rent, and utilities;
  • Principal and interest payments for any business loans from national or state-chartered banking, savings and loan institutions, or credit unions, that were incurred before or during the emergency;
  • Eligible personal protective equipment, cleaning and disinfecting materials, or other working capital needed to address COVID-19 response.

Thank you! Please visit the website for more information, tutorials, the application, and more.  Please share with any folks who may be affected or qualify!