AUGUSTA COUNTY, Va. (WVIR) - Small businesses in Augusta County struggling due to the impacts of the Coronavirus can get help from a new fund.
The county’s economic development authority created a disaster recovery grant fund, which provides up to $10,000 cash.
Funding comes from part of the $6.5 million dollars Augusta County received from the CARES act.
The grant is for businesses that are locally owned, have 25-employees or fewer, and have not received or been awarded loans under any federal program.
Applications are due by 9 a.m. July 10. Businesses can learn more here.
Augusta County Announces Disaster Recovery Grant Program
The Augusta County Economic Development Authority (EDA) announces the creation of a Disaster Recovery Grant Fund to help county businesses that are suffering from the costs of business interruption caused by closure due to public safety restrictions from COVID-19.
The grant will provide up to $10,000 cash per eligible grant applicant and applications are due by 9 a.m. on July 10, 2020. Awarded grantees will be notified by July 17 and disbursement checks will be mailed by July 24.
Eligible businesses will have a physical location in Augusta County and must be locally owned and operated with 25 employees or less. Additionally, this grant is for businesses who have not received or been awarded loans under any federal program, including loans from Small Business Association programs.
Randy Roller, chair of the Economic Development authority, said, “This grant fund provides resources to help our local businesses recover more quickly and where it is needed most - getting employees back to work in a healthy environment and customers through the door safely.”
Businesses can use the grant to reimburse costs for personal protective equipment (PPE), cleaning equipment and supplies, technology for e-commerce or virtual business operations, construction and alterations to encourage social distancing, rent or mortgage, and utilities.
In the case where the application requests exceed the funds available, a Grant Review Committee will rate the applications based on the severity of impact that COVID-19 had on the business.
Businesses can learn more about the program, eligibility requirements, and how to apply online at https://www.augustavabusiness.com/facts-figures/covid-19/.
Funding for the grant comes from the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into federal law on March 27, 2020. Augusta County received $6.5 million of CARES Act funding from the state on June 1. The Augusta County Board of Supervisors voted to allocate $200,000 to the EDA for local business relief at their regular meeting on June 24. The Staunton Creative Community Fund will partner in administering the program.
ABOUT ECONOMIC DEVELOPMENT AND TOURISM: The Department of Economic Development & Tourism exists to provide a diverse and vibrant economy that offers a broad range of job opportunities while supporting the delivery of high quality government services to its residents. The department strives to collaborate on all levels (local, regional, state, and federal) to maximize economic opportunities and focuses on three main areas: business attraction, existing business retention, and business start-up support in addition to communicating with the community and enhancing labor resources and physical infrastructure/site readiness. All of this is done while promoting a quality of life that embraces our heritage, preserves the environment, and effectively manages resources.