Business Owners must be Low to Moderate income at the time of application
Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, equipment, operating licenses, permitting and fees, etc.
Ineligible Purchases: Real estate-based transactions to include interior and exterior build out or renovations. Payroll and/or salaries
Funding Source: Economic Development Authority of the City of Norfolk
Amount: $5,000
Years in Business:0-4 years
Years in business does not apply for businesses using the grand funds for façade based projects.
Must have no more than 50 employees
Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, equipment, operating licenses, permitting and fees, real estate-based transactions, façade improvements, etc.
Ineligible Purchases: Payroll and/or salaries
Funding Source: CDBG
Grant Amount: $35,000
Years in Business: At least 2 years of documented sales and hiring experience but no more than 10 years
Business must hire and/or maintain 1 full time LMI Norfolk Resident
Allowable Purchases include but are not limited to: marketing and advertising, inventory, materials, utilities, equipment, training, professional fees, supplies, etc.
Business preferably will have current employees
Ineligible Purchases: Real estate-based transactions to include interior and exterior build out or renovations. Payroll and/or salaries
Funding Source: Federal EDA
Administer: Virginia Community Capital
Amount: $5,000 – $50,000
Years in Business: Preferably 3 or more years of business operation
Must have no more than 250 employees
Allowable Purchases: Include but are not limited to: inventory, materials, equipment, working capital, debt refinancing, real estate, etc.
