Volume 03 | January 20, 2020
Office of Economic & Industrial Development
Wise Advice
Monthly newsletter designed for business leaders and entrepreneurs operating in Wise County, Virginia. Content includes resources, opportunities, and updates relevant to the county's business community.
Paycheck Protection Program Resumes

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The U.S. Small Business Administration is currently offering:

LENOWISCO Regional Small Business Recovery Assistance Grant Program Reopens for a 4th Round of Funding!

The City of Norton, County of Lee, County of Scott, and County of Wise have jointly established a regional $1.6 million grant fund, known as the LENOWISCO Regional Small Business Recovery Assistance program, to support the district’s small and nonprofit business recovery efforts following the COVID-19 outbreak. One-time grants of up to $15,000 are being provided to eligible businesses within the district to offset business impacts during the pandemic.

LISC-Lowe's Rural Relief Small Business Grants Program

LISC is one of the country's largest social enterprises supporting projects and programs to revitalize underserved communities and bring greater economic opportunity to residents. They invest in affordable housing, quality schools, safer streets, growing businesses and programs that connect people with financial opportunity. 

As part of their continuing commitment to elevate our impact in rural America, LISC is inviting small business owners in rural locations across the country to apply for the LISC-Lowe's Rural Relief Small Business Grants program.

The next grant application period opens on January 26th.

Virginia Enterprise Zone Incentive Applications are now Open!

The Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones.

If your business is located within Wise County's designated Enterprise Zone (check here by searching your address), and you have either created new, permanent full-time jobs or made a real property investment within the zone during 2020, you may be eligible for VEZ financial incentives!

For more details on incentive eligibility and grant awards, visit DHCD's VEZ Program Page.
Weathering the Winter During the COVID-19 Pandemic:
A Small Business Strategy & Resource Guide
Winter brings cold weather and unique challenges for the small businesses community:

  • COVID-19 safety restrictions will likely remain in place throughout the winter season and will continue to limit normal business practices.

  • Low temperatures and precipitation may mean less foot traffic and tourism, and ultimately, fewer in-person customers and sales.

  • Increased competition from big box stores and large online retailers as consumers search for deals on holiday gifts and show preference for one-stop shopping.
Wise County Commercial Property Database
Ready to sell or lease your commercial property? Add it to Wise County's available commercial properties database. Retail spaces, office spaces, and industrial-scale properties are all eligible for inclusion.

Complete a Commercial Property Database Listing form and submit it to Brian Falin at [email protected].

Database will be go live in early 2021. Stay tuned for details!
Get to know...
Virginia Career Works Southwest Region

Virginia Career Works connects job seekers with education and employment opportunities and provides employers with resources they need to grow and strengthen their workforce and business.

Virginia Career Works Southwest Region serves the counties of Wise, Buchanan, Dickenson, Lee, Russell, Scott, Tazewell, and the city of Norton and provides the following services to businesses in the region:

  • Free online labor exchange system including job posting and resume search capabilities
  • Pre-screened job candidates based on employment qualifications
  • Local resources for training existing and potential employees
  • Information on federal and state grants, hiring incentives and tax credits
  • Current and relevant workforce and business-related data to support your business decisions
  • Local resources in economic development, finance, and marketing
  • Free meeting space for training sessions, meetings, job fairs, and interviews
  • Use of Roving Computer Labs including Dell laptops, a wireless printer and router, jump drives, and projectors with reservation.