Great news for Virginia small businesses and nonprofit organizations whose normal operations were disrupted by the COVID-19 pandemic. Rebuild VA Grant Fund has expanded its eligibility criteria to allow more small businesses and nonprofits to apply. Any small business or nonprofit with $10,000,000 or less in gross revenue OR 250 or fewer employees may now apply. An additional $30 million has been dedicated to the grant fund with and the maximum grant award increasing from $10,000 to $100,000.
Rebuild VA
is an economic recovery fund started last summer offering grants of up to $10,000 to qualified applicants to cover eligible expenses. Rebuild VA is administered by the Department of Small Business and Supplier Diversity (SBSD).
Interested in applying?
• Read all the information available
here
and consult the application guide carefully before starting the application.
• Download the Virginia substitute form W-9; complete and upload it with your other documents
- must be filled out completely
- must match the information on the application
- must be signed
- the W-9 must include a DUNS Number
- consult the W-9 example to complete your W-9
• Electronically format all supporting documents, and be ready to upload them before starting your application
• Applicants can check application status by logging into their application account
• Applications that are missing documents may take longer than 21 business days to review
Some eligible expenses include:
• Employee salaries and payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave;
• Principal and interest payments for certain business loans;
• Mortgage payments, rent, and utilities;
A variety of Virginia small businesses from retail stores to eateries and nonprofit organizations that meet size and other eligibility requirements can apply. Those who previously received a Rebuild VA grant can be eligible to receive a second award if all updated eligibility requirements are met.