Business Group Offers $1M In Funding For Coronavirus Recovery

FREDERICKSBURG, VA — A Virginia business group is seeking project ideas for economic recovery from the coronavirus in the Fredericksburg area. The Virginia Growth and Opportunity Board (GO Virginia) has up to $1 million in coronavirus funding to be used for recovery efforts within its Region 6, which includes the Fredericksburg area, the Northern Neck and the Middle Peninsula.

At its April 17 meeting, GO Virginia's state board approved funding for proposals that can show they would have a positive impact on the local economy. GO Virginia is a statewide business-led economic development initiative.

“Our economy is in need of immediate action in its recovery efforts. GO Virginia Region 6 is excited to hear ideas from within the region on ways in which these funds can be utilized to lead recovery efforts," William Beale, GO Virginia Region 6 chair, said Wednesday in a statement. "We as a region have updated our application process to better assist applicants in a quick turnaround.” Beale is the president of Community Bankers' Bank and the former CEO of Union Bank & Trust.

The Mary Ball Washington Regional Council is handling the applications for GO Virginia funding. The regional council governs GO Virginia Region 6, which includes the George Washington region, Northern Neck, and Middle Peninsula.

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The Mary Ball Washington Regional Council is seeking applications that will:

• Help the region build capacity to support and serve existing businesses.
• Serve and expand essential businesses, including the health care system and its supply chain.
• Sustain business operations through telework and other technology.
• Expand broadband opportunities;
• Create systems to put workers back to work quickly within the new environment.

The GO Virginia State Board funds will be used "to respond to the unprecedented
economic conditions facing Virginia due to the near and long-term effects of the coronavirus on regional economies," the Mary Ball Washington Regional Council said.

For more information about applying for a grant, visit GO Virginia Region 6’s website.

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