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New Virginia Beach grant program to provide funding for small businesses needing to make improvements

Hundreds Fanned Out
Posted at 2:21 PM, Feb 23, 2021

VIRGINIA BEACH, Va. — ​ The City of Virginia Beach Development Authority is now taking applications for a new grant program that offers small businesses up to $10,000 in matching funds for improvements.

The District Improvement Program (DIP) provides support to small business owners with less than 50 employees.

The property and applicant must be current on all city's licenses, fees and taxes. The businesses must also be located within the boundaries of the SGAs, SEGAs, SFAs, other Council-adopted districts or any valid business associations in the City.

“This program offers our small, locally owned and operated businesses much-needed support to upgrade their spaces, equipment or processes,” said Economic Development Director Taylor Adams. “We are targeting work above and beyond routine maintenance and supplies. This is about making substantial improvements to the physical space or processes that will enhance the business environment.”

Improvements eligible for funding include electrical and plumbing repairs, security lighting, windows, doors, landscaping, signage and fencing. More details on the DIP’s funding requirements can be found here.

A maximum of $100,000 will be awarded to eligible applicants on a competitive first-come, first served basis, until the funds are depleted.

Business owners who meet the criteria can complete an application here. If the applicant needs to submit large files in support of their application, they should contact Economic Development at ecdev@vbgv.com or call (757) 385-2901.