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Description: In July 2020, Governor Northam announced the Rebuild VA Economic Recovery Fund for small businesses and non-profits whose operations were impacted by the COVID-19 pandemic. Since then, the Commonwealth has awarded $140 million in funding to over 3,500 small businesses and non-profits. In March 2021, the General Assembly and the Governor agreed to fund the program with an additional $25 million. That funding has allowed the program to process some of the existing applications in the pipeline. At this time we are not able to accept new applications. Governor Northam and the General Assembly leadership recently announced support to fully fund Rebuild Virginia as part of their shared priorities for the funding from the American Rescue Plan. We will continue to keep Virginians informed of any updates to the Rebuild VA Economic Recovery Fund. In August 2021, the General Assembly voted to award an additional $250 million to the Rebuild VA program. With this additional allocation, we are beginning to process applications previously submitted. At this time we are not accepting new applications.
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Group: COVID-19
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Group: COVID-19
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