Virginia governor expands small business grant funding, eligibility

Virginia’s Rebuild VA Grant program will increase the amount of money small businesses and nonprofits can receive and loosen eligibility requirements, Gov. Ralph Northam said Wednesday.

Virginia businesses that receive less than $10 million in gross revenue or have fewer than 250 employees now will be eligible for grant money. The maximum amount of money a small business can receive will increase from $10,000 to $100,000. The businesses will have to show they have been economically harmed by the governor’s executive orders designed to curtail the spread of COVID-19.

Eligible businesses include restaurants, retail shops, summer camps and farmers, among others.

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