Governor Announces Revamped Rebuild VA Grant
As we have previously shared with you, VRLTA has been working with the Governor’s office to implement changes to the structure of Governor Ralph Northam’s Rebuild VA economic recovery fund for businesses that have been impacted by COVID-19.
Thanks to our efforts, VRLTA succeeded in getting the Governor to expand the eligibility further from the change in late September, and increase the maximum amount grant recipients can obtain. The Governor allocated an additional $30 million to the fund, so a total of $100 million is now available to businesses. In addition, employers can now receive up to $100,000 in grant funding, businesses that earned up to $10 million in 2019 may now apply, and businesses with up to 250 employees may now apply.
The funding needs to be applied for by businesses ASAP, as the dollars will run out quickly. Moreover, if you don’t apply by the end of December, you will be unable to obtain relief.
You can find more on the program, including the application here.