Rebuild VA, a grant program designed to help small businesses and nonprofit organizations affected by the COVID-19 pandemic, will expand its eligibility criteria and increase the amount of grant money businesses receive.
Rebuild VA launched in August with $70 million in federal CARES Act fund. Gov. Ralph Northam announced last week he is directing an additional $30 million to support the expansion of the program.
Businesses with less than $10 million in gross revenue or fewer than 250 employees will be eligible under the new criteria, and the maximum grant award will increase from $10,000 to $100,000.
“We started Rebuild VA to help small businesses and nonprofit organizations navigate the impacts of the COVID-19 pandemic,” said Northam. “These changes to the program will ensure that we can provide additional financial assistance to even more Virginians so they can weather this public health crisis and emerge stronger.”
Rebuild VA will now be open to all types of Virginia s...
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