City of Virginia Beach Development Authority Launches Small Business Grant Program
The City of Virginia Beach Development Authority (VBDA) has announced the launch of the Virginia Beach Small Business Grant Program, which aims to provide financial support to eligible small businesses in the city. Grants of up to $10,000 will be awarded to eligible businesses, including those that are small, women-owned, minority-owned, veteran-owned, or disabled veteran-owned.
Administered by the Virginia Beach Department of Economic Development, the grant program is designed to assist small businesses with a variety of growth-related activities. Funds can be used for purposes such as purchasing inventory, marketing, developing an online or mobile presence, acquiring equipment or supplies, expanding a business, or acquiring real estate. Grants will be distributed on a first-come, first-served basis, subject to availability of funds, adherence to program guidelines, and submission of a complete application.
“The Virginia Beach Development Authority recognizes the need to increase funding opportunities for qualified small businesses,” said Deputy City Manager Amanda Jarratt. “We continue our commitment to serving underserved and underserved small businesses by building an inclusive economy in Virginia Beach.”
In addition to financial assistance, the program will provide recipients with technical knowledge and training in key areas, such as legal services, financial analysis, and digital marketing.
To apply, businesses must attend a pre-application workshop hosted by the Virginia Beach HIVE Business Resource Center. Workshops will be offered both in person and virtually. Pre-registration is required, and only those attending the workshop will receive a link to the 2024 Small Business Grant application, which will be available from the start. September 30, 2024.
