ROANOKE COUNTY, Va. – Roanoke County and Vinton have launched a $1 million recovery grant program for small businesses.
Under the new program, officials say each small business could receive a grant of up to $10,000.
The one-time grants are being funded by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help businesses cover payroll, rent, supplies or other costs.
“If you’ve suffered during this time, you should seek this opportunity,” stated Roanoke County Economic Development Director Jill Loope. “Participate in this grant program. I strongly encourage our business community to get involved and use this money to their advantage. It’s kind of a one -time allocation from the federal government. So, it’s exactly intended to help them.”
Officials say that the grants will be offered on a first-come, first-served basis and applications will start being accepted on Monday.
Eligible businesses must:
- Be an existing for-profit business in Roanoke County with less than 500 employees
- Have paid all fees, permits and taxes as of March 1
- Have been in businesses for at least one year up to March 1
- Have at least one employee, excluding the owner
- Have a valid Roanoke County or Town of Vinton business license
- Be able to show negative impacts from closure due to coronavirus
For more information on the grant program and to apply, click here.