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Small Business Grants Virginia Beach

Small Business Grants Virginia Beach – HIVE is a business resource center dedicated to supporting the innovative and entrepreneurial ecosystem in Virginia Beach. HIVE provides mentoring, networking and a variety of basic resources to those in need.

HIVE is a business resource center dedicated to fostering an innovative and entrepreneurial ecosystem in Virginia Beach. HIVE is committed to serving small businesses, especially the socially and economically disadvantaged.

Small Business Grants Virginia Beach

Small Business Grants Virginia Beach

HIVE’s mission is to accelerate innovation and startups by creating and demonstrating new business models using technology to test new business models, redesign customer experiences, and improve operational experience and efficiency.

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HIVE is the result of a successful partnership between the City of Virginia Beach, educational institutions, other metropolitan cities, small business associations and other entrepreneurship-related organizations in Virginia Beach and other counties.

HIVE focuses on enabling early-stage businesses to grow by becoming a hub of knowledge in their community, providing useful resources and connecting people in the city and region to help them grow.

We strive to be a knowledge hub for small businesses in Virginia Beach. We look forward to strengthening the foundation of any business that seeks our help. what

HIVE provides personalized advice, training programs, workshops, fundraising assistance, capital formation, mentoring, networking and a variety of basic resources to new and established small businesses within government agencies, educational institutions, the private sector, and community partnerships. provides resources. . institutions.

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HIVE is located in the heart of the city’s central business district in the Virginia Beach Town Center, home to some of the region’s leading businesses. It’s a great place to meet with advisors and access a variety of resources.

HIVE is intended for use only by entrepreneurs and existing businesses that require on-site resources to guide their growth and success.

We partner with Virginia Wesleyan University (VWU), Tidewater Community College (TCC), Hampton Roads Workforce Council and other agencies to provide resources to small businesses.

Small Business Grants Virginia Beach

1 Million Cups is a global initiative of the Kauffman Foundation (www.kauffman.org) to support, educate and inspire local entrepreneurs.

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The Virginia Beach branch (known locally as “Shark Tank….No Bites”) was launched in 2015 by the Virginia Beach Department of Economic Development and local businesses. In past years, more than 1,400 business owners and small business owners participated in the conference. VB HIVE (Virginia Beach, VA, 140 Independence Blvd.) is the new location for this third Wednesday event at 9am. If you’re a local business or 1M Cup startup is the perfect place to hone your presentation skills, apply here today.

For more information, contact Virginia Beach Economic Development Manager Letitia Langaster at (757) 385-6412 or visit this page.

The SWaM Business Office is dedicated to the growth and development of small, women and minority-owned businesses, including disabled/veteran-owned businesses, providing resources, training and services to help your business contract with Virginia Beach. Your business could lose significant revenue in 2022 due to COVID-19. There are many grant programs available for small businesses, families and communities. The following information and resources can help small businesses in Virginia.

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Virginia has $12.67 billion in grants and $8.97 billion in additional funding from local governments. All types of businesses in Virginia can benefit from financing. There are a total of 150,125 farms and 254,007 businesses in Virginia.

Small Business Grants: 21 Options To Apply For Free Funds For Your Business

For a small business, a small business loan can make a huge difference when it comes to scaling marketing campaigns, hiring more employees, and closing cash flow gaps. Virginia spends $137.14 billion annually on wages and salaries. The U.S. Department of Justice receives more than 37,760 bankruptcy filings from Virginia each year. Federal government grants cannot be used to start a business or expand an existing business. Small business grants are a viable option to finance your business.

Grants are often the first step in developing a new product, service or project. Grant programs are good for small businesses because they don’t require repayment. Grants take time and effort to acquire and manage, but can be a viable growth option. Applying for a scholarship takes a lot of time and effort. Small business financing requires the ability to demonstrate financial ability. Organizations such as charities, local authorities and foundations may provide grants.

A variety of scholarships are available to Virginia residents. Here are a few scholarships for 2022 that entrepreneurs may be interested in.

Small Business Grants Virginia Beach

The Virginia Small Business Financing Authority (VSBFA) provides business and economic development financing. Through its programs, VSBFA provides businesses, nonprofit organizations, and economic development authorities with the funding they need to grow and expand in Virginia. To achieve this goal, we provide direct loans to businesses and nonprofits, improve credit at banks that lend to businesses and nonprofits, support for-profit businesses, 501(c)(3) nonprofits, clean energy, and P3 transportation projects. Through our Equity Incentive Grant Program, we help small businesses attract equity capital.

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For more than 30 years, we’ve helped many Virginia businesses get the capital they need to grow and create jobs. Whether you are a business looking for a loan or a commercial lender providing small business loans, VSBFA is happy to help.

Rebuild VA’s mission is to provide compassionate, responsible, and financially sound assistance to small businesses and nonprofits in times of crisis. Approximately $370 million has been awarded to Virginia small businesses through January 6, 2022.

Former Governor Northam announced the VA Economic Recovery Fund in July 2020 to help recover small businesses and nonprofits affected by Covid-19. More than 3,500 small businesses and non-profit organizations have received $140 million in funding.

The General Assembly and the Governor agreed to increase funding for the program by $25 million in March 2021. Thanks to this funding, the program is able to process many of the existing applications.

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As part of the American Rescue Plan Act (ARPA), Greensville was awarded a $50,000 grant by the state government. Businesses with fewer than 25 employees in the state can apply and receive funding.

Applicants must be licensed to operate in Greensville County and cannot be a national company or a franchise of national companies to receive the grant. The business must be in operation before January 1, 2022 and demonstrate how the pandemic has adversely affected the business.

All grant funding must be used for recovery from the COVID-19 pandemic. Salary costs are not included in this figure. There is no waiting list for the grant, and the amount of aid is proportional to the size of the business, based on the number of employees, until funding is exhausted. $5,000 for 1-5 employees, up to $7,500 for 6-25 employees.

Small Business Grants Virginia Beach

You can find the application form on the official Greensville County website. Applicants should submit their completed application by email with the subject line “COVID-19 ARPA Grant”.

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COVID-19 threatens millions of small business jobs. As these small businesses struggle to keep jobs open, they face near-fatal cash crunches. Millions of jobs will be significantly impacted over the next few weeks.

Small businesses in Virginia can apply for a forgiven loan from the nonprofit Virginia 30-Day Fund. As they await the recently approved federal funding, forgivable loans provide immediate financial assistance to repair wages, health care and jobs.

Small business owners can use Virginia’s 30-Day Fund to hire employees quickly, easily, and without red tape. All we ask in return is that you pay in advance if you can.

Small businesses receive money from Virginia’s 30-day fund without paying it back. Once businesses receive assistance from the fund, those dollars are transferred back into the fund, which distributes the money to other Virginia businesses in need.

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James City County has created a fund to support small businesses in response to COVID-19. The Virginia Department of Housing and Community Development funds this grant program through Community Development Block Grants. Small businesses in James City County are being adversely affected by COVID-19, and state funding will allow the county to provide financial assistance to these businesses.

Fortunately, the COVID-19 Small Business Support Fund provides compensation to small businesses. For enterprises with 20 or fewer full-time employees, rent, mortgage, and utility bills are reimbursed. Grant requests will not exceed $15,000 and will be awarded for a maximum period of six months. Reimbursable expenses must be incurred between March 13, 2020 and June 30, 2022. Must have supporting documents

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