Virginia Business and Commerce Grants

If you are a direct-market agribusiness located in Albemarle County, you’re invited to apply for an Albemarle Agribusiness Resiliency Grant. Donor Name: Albemarle County State: Virginia County: Albemarle County (VA) Type of Grant: Grant Deadline: 05/10/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Grant Duration Not Mentioned Details: This grant supports agribusinesses who are experiencing longer-term impacts of the pandemic, which includes higher costs due to inflation and rising interest rates. These impacts result in higher cost of capital overall and less capital to fund growth and reinvestment. To help offset these impacts, Albemarle County will distribute a second round of Agribusiness Resiliency Grants. Grants are available for direct-market agribusinesses – those selling products to restaurants, caterers, local stores; orchards, wineries, and cideries; or at farmers markets. Funding Information  The total budget for this round is $60,000 and staff anticipates making 3-8 grants total. Grant funding may be use for: New capital investments like machinery, tools, other business equipment. Expenses incurred to advance sustainable agricultural practices since July 1, 2022. Expenses incurred to enhance public health, safety, welfare of employees or visitors since July 1, 2022. Expenses incurred to comply with state or local regulations since July 1, 2022. Up to 20% of awarded funds may be used for advertising/marketing. Criteria  Must have a County business license and be in good standing with the County.  Proof of payment must be provided for all eligible expenses.  Grant awardees will be required to schedule a farm visit with the Economic Development Office prior to June 30, 2024.  For more information, visit Albemarle County.

Albemarle County is offering the second round of Agribusiness Resiliency Grants to support direct-market agribusinesses impacted by the pandemic, including local farms, food businesses, orchards, wineries, and cideries. The program aims to mitigate the effects of higher operating costs and difficulties in accessing capital by providing financial aid. The grants can be used for new capital investments, sustainable agricultural practices, public health and safety enhancements, and compliance with regulations. The application period is from April 19 to May 10, 2024, and applicants must be in good standing with a County business license.

This program provides financial assistance to businesses and local governments for connecting to the freight railroad network, promoting economic growth and reducing truck traffic.

The Governor’s Agriculture and Forestry Industries Development Fund (AFID) Infrastructure Grant Program provides grants of up to $50,000 per grant to political subdivisions for community infrastructure development projects that support local food production and sustainable agriculture. The grants are awarded competitively, paid out as reimbursements, and require matching funds. Projects that may be considered include processing facilities, farmers markets, food hubs, and other agricultural aggregation facilities. Priority is given to projects that benefit multiple small-scale agricultural producers and projects located in economically distressed communities. Eligible applicants include political subdivisions of the Commonwealth, such as Counties, Cities, Towns, Industrial and Economic Development Authorities, or Planning District Commissions. Matching funds are required, with a dollar of matching funds required for every dollar requested. The matching funds can be a combination of applicant match and other match, with applicant match consisting of local cash match and local in-kind match. Other match can come from federal grant awards, contributions from non-profit organizations, or funds from the Virginia Tobacco Region Revitalization Commission. Reduced match requirements are available for projects in economically distressed localities and for projects benefiting multiple small-scale agricultural producers at shared-use facilities. The Secretary of Agriculture and Forestry will make funding recommendations to the Governor and determine how and when grant applications are reviewed and awards made. There will be two funding rounds each fiscal year, with specific application periods and award announcement dates. Awards will be made on a competitive basis, with criteria including the expected impact of the project, likelihood of success, support from the agricultural community, and demonstration of sustainable agriculture practices. Grant awardees have two years to complete their deliverables and are required to submit interim and final grant reports. The completed application can be emailed or submitted by mail to Genette Harris at the Office of Agriculture and Forestry Development. Grant renewed every year. Annual deadline:October 1st to November 15th April 1st to May 15th

The Governor’s Agriculture and Forestry Industries Development Fund (AFID) Infrastructure Grant Program provides grants of up to $50,000 per grant to political subdivisions for community infrastructure development projects that support local food production and sustainable agriculture. The grants are awarded competitively, paid out as reimbursements, and require matching funds. Projects that may be considered include processing facilities, farmers markets, food hubs, and other agricultural aggregation facilities. Priority is given to projects that benefit multiple small-scale agricultural producers and projects located in economically distressed communities. Eligible applicants include political subdivisions of the Commonwealth, such as Counties, Cities, Towns, Industrial and Economic Development Authorities, or Planning District Commissions. Matching funds are required, with a dollar of matching funds required for every dollar requested. The matching funds can be a combination of applicant match and other match, with applicant match consisting of local cash match and local in-kind match. Other match can come from federal grant awards, contributions from non-profit organizations, or funds from the Virginia Tobacco Region Revitalization Commission. Reduced match requirements are available for projects in economically distressed localities and for projects benefiting multiple small-scale agricultural producers at shared-use facilities. The Secretary of Agriculture and Forestry will make funding recommendations to the Governor and determine how and when grant applications are reviewed and awards made. There will be two funding rounds each fiscal year, with specific application periods and award announcement dates. Awards will be made on a competitive basis, with criteria including the expected impact of the project, likelihood of success, support from the agricultural community, and demonstration of sustainable agriculture practices. Grant awardees have two years to complete their deliverables and are required to submit interim and final grant reports. The completed application can be emailed or submitted by mail to Genette Harris at the Office of Agriculture and Forestry Development. Grant renewed every year. Annual deadline:October 1st to November 15th April 1st to May 15th

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.

This funding opportunity provides financial support to Virginia-based technology companies in the early stages of development to help them validate their products and grow their businesses in the state.

The Virginia Small Business Financing Authority (VSBFA), part of the Virginia Department of Small Business and Supplier Diversity, offers a range of financial programs to support the growth and expansion of businesses, not-for-profits, and economic development authorities within Virginia. These programs include direct loans to businesses and non-profits, credit enhancements for banks lending to these entities, bond financing for businesses and non-profits, and an equity incentive grant program to attract investments in small businesses. Over its 30+ year history, VSBFA has helped many Virginia businesses access the capital needed for expansion and job creation in the Commonwealth.

This program provides matching funds to small, locally owned businesses and property owners in Virginia Beach for significant exterior improvements to enhance the visual appeal of commercial and industrial properties.

The Agriculture and Forestry Industries Development Fund (AFID) Planning Grant Program in Virginia aims to support local agriculture and forestry businesses by providing funding for innovative projects and encouraging collaboration between local governments and the ag/forestry community. The grants may be used for activities such as developing strategic plans, feasibility studies, business or marketing plans, creating local initiatives supporting agriculture or forestry-based businesses, and investing in the development of local agricultural development boards. Additionally, the program supports projects that implement innovative marketing strategies, develop strategic plans for agriculture or forestry economic development, create new policies or programs to preserve working lands, and fund feasibility studies or business plans with a positive impact on the local agriculture or forestry sector.

This program provides performance-based financial support to businesses in the Tobacco Region that create jobs and contribute to the local economy, focusing on projects that attract new capital and enhance community prosperity.