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City Hall will be closed to the public until at least April 12th.  Our COVID-19 resource page has City operational updates. Follow our health experts for Coronavirus updates from the Thomas Jefferson Health District's and Virginia Department of Health website.

coronavirus

 

CORONAVIRUS BUSINESS ASSISTANCE

In response to the impact that Coronavirus (COVID-19) is having on businesses in the Charlottesville community, the City of Charlottesville Office of Economic Development (OED) and the Charlottesville Economic Development Authority (CEDA), are rolling out several new business assistance initiatives to support City businesses during this unprecedented time.

BUILDING RESILIENCE AMONG CHARLOTTESVILLE ENTREPRENEURS (BRACE) GRANT

  • Grants up to $2,000 for City businesses
  • Focused on resiliency efforts, with some portion of the funding allowed for fixed costs
  • Online, rolling application process with a virtual interview
  • Reimbursements turned around in seven to ten business days
  • APPLICATION PERIOD CLOSED

BUSINESS EQUITY FUND (BEF) RESILIENCY LOAN

  • Loans up to $5,000 for socially disadvantaged City businesses (i.e., those who have encountered racial or ethnic prejudice or cultural bias because of their identity as members of a group)
  • Focused on resiliency efforts and can be used for things such as rent, payroll, paying off existing debt, purchasing new software/inventory that will help the business pivot its model quickly, etc. Interest rate up to 3%, 2-year loan term, and payments deferred for 3 months
  • Online application process with virtual interview
  • Loan applications turned around in seven to ten business days
  • PRE-SCREENING APPLICATION NOW AVAILABLE: CLICK HERE

GROWING OPPORTUNITIES (GO) HIRE GRANT

Additionally, the OED has assembled the following information for city businesses seeking more information and guidance related to the Coronavirus situation.

LINKS TO ASSISTANCE FOR BUSINESSES DURING THE CORONAVIRUS SITUATION

Links to assistance for businesses during the Coronavirus situation are below.  We will be updating this page regularly so be sure to check back.

  • NEW:  Small Business Owners Guide to CARES Act - Assistance for business owners with whatever needs they have right now.
  • NEW:  VA 30 Day Fund is rolling out Forgivable Loans for Virginia Small Businesses - Read more about it HERE
  • Direct link to US SBA coronavirus business assistance.  The Commonwealth of Virginia is now officially listed and classified as an “eligible” area.  We encourage City of Charlottesville businesses interested in submitting an application for financing through the SBA’s Coronavirus (COVID-19) Disaster Assistance Program to begin completing the application. The number assigned to the state of Virginia for the emergency declaration is VA-00087. General guidance on the SBA Disaster Loan process can be found here.
  • For information on unemployment and other business needs, visit the Virginia Employment Commission. The Governor has       waived the one-week waiting period so that workers can start receiving benefits right away. Affected workers or businesses can contact the Virginia Employment Commission for information
  • Updates from Virginia Department of Health (including some info for business).
  • For more advisories and information on City of Charlottesville alerts.
  • City of Charlottesville Commissioner of the Revenue for the latest updates.

 LOCAL, STATE AND FEDERAL NEWS AND UPDATES

  •  Downtown Job Center staff have assembled and verified a group of Charlottesville area employers that are currently hiring. These can be found HERE
  • The Commonwealth of Virginia
  • US Congress:  Congressman Denver Riggleman's OfficeSenator Kaine’s Office and Senator Warner’s Office
  • The House Ways and Means Committee has assembled a comprehensive FAQ to help explain how the federal government is responding to the coronavirus pandemic. It covers what small businesses, seniors, and workers need to know and is broken into sections about what Congress has passed, what Congress is going to do next, and what the Administration has done to help Americans fight this global pandemic.

FINANCIAL RESOURCES

  • NEW: VA 30 Day Fund is rolling out Forgivable Loans for Virginia Small Businesses - Read more about it HERE  
  • SBA Payroll Protection Program provides a forgivable loan for up to 8 weeks of payroll for retained employees.  Find out more about it HERE
  • The VA Small Business Development Center (SBDC) has published new information on financial assistance for small businesses and how to apply for a Federal Disaster loan.  Read more HERE 
  • SBA Disaster Assistance Loan
  • Facebook Small Business Grants Program
  • Truist commits $2M to small businesses hurt by the pandemic.  Qualifying Virginia businesses can apply for grants to Natural Capital Investment Fund
  • Facebook announces $100 million program for small businesses impacted by Coronavirus. Read more.
  • The Small Business Administration has a variety of resources for businesses including access to loan assistance through the Economic Injury Disaster Loan program. These resources are available at this link: HERE

 ADDITIONAL INFORMATION

  • The City’s website homepage features a link to the Virginia Department of Health’s primary information resources on the Coronavirus. This includes a section specific to businesses. Please access the following link: HERE
  • In addition, the Center for Disease Control (CDC) has information on a national and worldwide level at the following linkHERE
  • The governor is deferring to individual Universities to make their own decisions about students. The University of Virginia has a   website where you can monitor the latest messaging: HERE
  • Virginia Tourism Corporation has also created a page with the most up-to-date information related to hospitality and travel. That  information can be accessed: HERE
  • Given the large number of restaurants in Charlottesville, the National Restaurant Association has provided the following guidance for restaurants: HERE
  • OED staff orchestrated the installation of seven 'Grab and Go' designated parking spaces for businesses that are continuing to operate with curbside service.  Special thanks to Rock Paper Scissors and Frontrunner Signs for the speedy design and fabrication assistance.
  • View the list of local restaurants offering services: HERE

Please check back for updates and additions to this information.

For the most up-to-date information, be sure to follow us on social media or sign up for updates.

                                        

The Office of Economic Development is the catalyst for public and private initiatives that create employment opportunities and a vibrant and sustainable economy.

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·    Virginia was officially added to SBA Disaster Declarations listing on Thursday. This provides access for all Virginia small businesses to Economic Injury Disaster Loans (EIDL). We expect that an online webinar regarding the application process will be available soon, but applications can now be made by accessing this link.  (Please note that additional aid is being discussed at the federal level beyond the EIDLs.

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