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[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]NORFOLK VA – The Norfolk Department of Economic Development received $4 million in CARES Act funds and created a CORE grant program for small for-profit businesses and nonprofits physically located in the City of Norfolk affected by COVID-19. Priority was given to minority and women-owned businesses. Applicants were required to demonstrate that they were operational pre-COVID-19, and that they were suffering negative impacts from COVID-19 closures. Funds were meant to reimburse businesses for the costs of business interruption caused by required closures due to COVID-19.

CORE funds were successfully distributed to businesses in need, ensuring the $4 million in CARES Act were put to good use among the business community of Norfolk. With these funds already depleted and CAP’s new round that started on 1/8/2021, the Department is diligently working towards providing vital financial aid to businesses affected by COVID-19.

Click here and take a look at the businesses CORE funds were awarded to in 2020.

 

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