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Grant program in place to support Suffolk businesses

Qualifying business may be eligible to receive a one-time grant up to $5,000
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Posted at 8:09 AM, Jun 14, 2020
and last updated 2020-06-14 08:09:58-04

SUFFOLK, Va. - The Suffolk Economic Development Authority approved a new grant designed to support businesses facing economic hardship due to the pandemic.

The EDA has allocated up to $200,000 for the COVID-19 Small Business Assistance Grant Program in emergency relief to support local businesses with a commercial presence in the city.

Through the new grant program, qualifying business may be eligible to receive a one-time grant up to $5,000.

Applications will be accepted beginning June 11, and can be found, along with information about how to apply, on the Suffolk Economic Development website under COVID – 19 Resources.

The grants are suppose to provide for a wide range of applicable uses to support varied needs, such as support to pay private utilities (gas, power, cable), rent, insurance, or operating expenses.

A sample of criteria to qualify includes:

  • Businesses must have no more than 50 Full–Time employees as of March 24
  • For-Profit
  • Must have been operational prior to Jan 1, 2020
  • Impacted by Governor Northam’s Executive Order 53 and associated directives