Advancing Charlottesville Entrepreneurs (ACE) Program

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ACE Program Overview

The City of Charlottesville Office of Economic Development (OED) is offering a business assistance program to existing City-based businesses. The Advancing Charlottesville Entrepreneurs (ACE) Program provides three different grant opportunities as listed below: 

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Eligible businesses may apply for one-time grant funding (up to the specified amount) that will directly lead to increasing business revenue through acquiring new equipment, products, or services. Micro Grants will be awarded on a quarterly basis during the months of September, December, March, and June. Flash Grant applicants receive an award decision approximately five business days after receipt of application. Applications are accepted throughout the entire Fiscal Year.

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

$46,100

2 people

$52,650

3 people

$59,250

4 people

$65,800

5 people

$71,100

6 people

$76,350

7 people

$81,600

8 people

$86,900

 

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 MATERIALS

Flash Grant Application: CLICK HERE for a PDF application

Micro Grant Application (Part I): CLICK HERE for a PDF application. 

Micro Grant Application (Part II): CLICK HERE for a PDF application. May submit multiple forms, not to exceed total grant amount.

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