The City of Charlottesville Office of Economic Development (OED) is offering a business assistance program to existing City-based businesses. The ACE Program serves both new and existing businesses. New businesses, less than six months, may apply for $500 grants and existing businesses, more than six months, may apply for $1,500 grants.
Eligible businesses may apply for one-time grant funding that will directly lead to increasing business revenue through acquiring new equipment, products, or services. Business owners are encouraged to apply for equipment, marketing/advertising, or technical assistance that will directly lead to increased business revenue.
If you would like to be notified when the application period is active please contact the Business Development Manager at 434-970-3110. The ACE Program is targeted towards existing businesses with the immediate potential to increase revenue and business opportunities. To be eligible for the program, business owners must not exceed certain income limits based on household size. The ACE Program is a competitive grant process that serves business owners who emphasize organization, initiative, and the dedication to make their business a success.
Initial funding for this program was provided from the Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG). Additional funding from the Charlottesville Economic Development Authority has allowed the program to be expanded.
