The Virginia Department of Housing and Community Development can help executive directors and borrowers with CDFI funds.įunding Resources Virginia Small Business Funding Resources Virginian businesses have been able to access grant programs and microloans to assist them with difficulties caused by coronavirus during the pandemic. The SBA and SBDC are located nearby to assist with the small business capital access fund and the Virginia Small Business Resiliency Fund program. These programs are usually used for activities such as transportation access, infrastructure improvements or other site-related developments.įairfax’s proximity to Washington, D.C., also provides easy access to federal government help. Other Virginia Programs: The Office of the Governor provides resources to qualifying companies based on criteria established by state legislation to promote the creation of new jobs and investment.
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This program provides services and funding to help them upgrade the skills of their existing employees. This program is limited to projects by for-profit companies in the manufacturing and distribution center sectors, not nonprofits. The Retraining Program is limited to projects by for-profit companies in the manufacturing and distribution center sectors.
The Small Business New Jobs Program is designed specifically for Virginia companies that have 250 employees or fewer company-wide. The New Jobs Program focuses on expansions of existing companies or new facility locations. Eligibility is limited to growth by qualified companies in these sectors: corporate headquarters, distribution centers, information technology, manufacturing, research and development, and shared service centers. The Virginia Jobs Investment Program (VJIP) is an economic development incentive that supports the creation of new jobs and investment in the Commonwealth by offsetting recruiting and training costs for new and expanding companies. The FCEDA is here to connect you with them.
State incentive programs are designed to attract-and keep-businesses here.
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