RICHMOND—Governor Ralph Northam today announced that local business owners and community organizations will benefit from more than $4.4 million in grants for 33 investment projects across the Commonwealth.
These projects will create and support business development, economic recovery, and the redevelopment of industrial and commercial structures.
“This is about renovating old buildings, investing in neighborhoods, and launching new businesses,” said Governor Northam. “These projects will greatly benefit Virginia’s local economies and business owners.”
The Virginia Department of Housing and Community Development administers these important programs, as well as some American Rescue Plan funds.
The Industrial Revitalization Fund leverages local and private resources to redevelop deteriorated structures. This creates more long-term employment opportunities and supports infrastructure and economic revitalization.
Community Business Launch grants help prepare businesses for success. Entrepreneurs can receive training and help with developing business plans. Uptown Partnership, an organization dedicated to the revitalization of Uptown Martinsville, received a $90,000 business launch grant to host a business workshop series. (More details below)
The Virginia Statewide Business District Resurgence Grant supports historically economically disadvantaged communities and business districts that have been disproportionately impacted by the pandemic.
“This funding will expand job growth, nurture entrepreneurial ecosystems, and provide support to communities most affected by the pandemic,” said Secretary of Commerce and Trade Brian Ball. “Supporting this funding means supporting the Commonwealth’s small businesses and an economic future that works for all Virginians.”
**********
Uptown Partnership Community Business Launch | $90,000
City of Martinsville
Uptown Partnership, in partnership with the Advancement Foundation, will host a 12-week business workshop series, followed by a business plan pitch competition, focused on Uptown Martinsville. Uptown Partnership recently completed a retail market analysis in 2021 and will use that information to guide its entrepreneurial outreach strategies, with a specific emphasis on small-scale manufacturing businesses and retail catering to the needs of uptown residents. At completion, the project will create or expand three businesses and create at least five jobs.
