Richmond Recovers II Provides Grants For Small Businesses

Press release from the City of Richmond:

December 04, 2020

The City of Richmond announced the launch of the Richmond Recovers II Grant Program for small businesses. The program is funded with $2 million from the city’s CARES Act appropriation and will be administered by the Economic Development Authority of the City of Richmond. This new grant program comes on the heels of the Richmond Recovers Grant Program which has approved 260 grants totaling $2.79 million.

“Small businesses are the backbone of our local economy, and COVID-19 continues to impact them disproportionately,” said Mayor Stoney. “This funding is not nearly enough to solve the problem, but it will help. We will continue to work to secure more support from the federal government until Richmond has fully recovered.”

Grants in the amount of $15,000 will be awarded to small businesses. Grant funds can be used to reimburse the costs of employee wages including the cost of benefits; rent and utilities for commercial workspaces; PPE and cleaning supplies; E-commerce expenses; and working capital. Full program guidelines and eligibility requirements can be found atwww.RVAStrong.org/richmondrecoversii. Applications can be submitted online starting at 12:00pm EST on December 7, 2020 until 11:59pm EST on December 16, 2020.

Inclusive of the funding for the Richmond Recovers II Grant Program, the city has allocated over $6.3 million to support businesses during the COVID-19 pandemic.

##

This press release was produced by the City of Richmond.The views expressed here are the author’s own.