Advancing Charlottesville Entrepreneurs (ACE) Program

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 ACE PROGRAM NOW ACCEPTING APPLICATIONS.

DEADLINE IS NOVEMBER 10th.

ACE PROGRAM OVERVIEW 

The City of Charlottesville Office of Economic Development (OED) is offering a business assistance program to existing City-based businesses.

Eligible businesses may apply for one-time grant funding up to $1,000 that will directly lead to increasing business revenue through acquiring new equipment, products, or services. Business owners are encouraged to apply for equipmentmarketing/advertising, or technical assistance that will directly lead to increased business revenue. 

Applications will be received on a quarterly basis throughout the Fiscal Year 2018 (July 2017-June 2018). If you would like to be notified when the application period is active please CLICK HERE.

The ACE Program is targeted towards existing businesses with the immediate potential to increase revenue and business opportunities. To be eligible for the program, business owners must not exceed certain income limits based on household size. The ACE Program is a competitive grant process that serves business owners who emphasize organization, initiative, and the dedication to make their business a success.

Initial funding for this program is provided from the Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG). Additional funding from the Charlottesville Economic Development Authority has allowed the program to be expanded.

To be eligible for the ACE Program, businesses must meet certain income qualifications. Please use the contact information at the bottom of the page to ask questions before submitting applications.

INCOME GUIDELINES FOR THE ACE PROGRAM 

# Persons in Family/Household       Maximum Yearly Business Owner Income

1 person

$44,750

2 people

$51,150

3 people

$57,550

4 people

$63,900

5 people

$69,050

6 people

$74,150

7 people

$79,250

8 people

$84,350

 

ACE GRANT PROGRAM ELIGIBILITY CRITERIA 

Provide documentation of a City of Charlottesville Business License
Have five employees or less
Have a physical address in the City of Charlottesville (P.O. Boxes are not accepted)
Be able to provide documentation to meet income requirements
Be a for-profit business (non-profits are not eligible)
Be willing to become a registered vendor with the City of Charlottesville 

ACE APPLICATION

CLICK HERE for a PDF application. 

For questions, please contact Jason Ness at nessj@charlottesville.org