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
