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Small businesses in the region can begin applying today to the RVA Small Business Relief Fund, a $250,000 fund open to all local businesses with between 2 and 25 full-time employees. The money was provided by Facebook, and the grant will be administered by ChamberRVA.
Businesses eligible should be able to demonstrate a negative financial impact from the pandemic, as well as a need for working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar needs.
Applications are open through May 19 at 5 p.m. This is the first of what officials expect to be several rounds of funding; additional rounds will come as the fund is replenished with new contributions from local businesses and organizations.
ChamberRVA officials have designed the process to be quick; funds will be distributed in equal amounts to the businesses selected. A grant advisory committee will monitor the process of awarding grants.
To learn more or to apply, visit https://www.chamberrva.com/relief/.
