Financial Relief for Small Businesses
Governor Northam's Rebuild! VA Small Business and Nonprofits Grant Program Expands
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19. On October 28, 2020, the program expanded eligibility criteria and increased the amount of grant money businesses and nonprofits receive. Businesses with less than $10 million in gross revenue or fewer than 250 employees are eligible under the new criteria, and the maximum grant award has increased from $10,000 to $100,000. Rebuild VA is now open to all types of Virginia small businesses that meet size and other eligibility requirements, from restaurants and summer camps, to farmers and retail shops. Businesses that previously received a Rebuild VA grant will receive a second award correlated with the updated guidelines. Eligible businesses and nonprofits must demonstrate that their normal operations were limited by Governor Northam’s Executive Orders Fifty-Three or Fifty-Five, or that they were directly impacted by the closure of such businesses. Rebuild VA funding may be utilized for the following eligible expenses:
- Payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave;
- Employee salaries;
- Mortgage payments, rent, and utilities;
- Principal and interest payments for any business loans from national or state-chartered banking, savings and loan institutions, or credit unions, that were incurred before or during the emergency;
- Eligible personal protective equipment, cleaning and disinfecting materials, or other working capital needed to address COVID-19 response.
To learn more about eligibility requirements and covered expenses or to apply, visit governor.virginia.gov/rebuildva.
The Alexandria City Council approved the reallocation of federal CARES Act funding for small business grants and ALX B2B All-Weather Grants administered by the Alexandria Economic Development Partnership. The ALX B2B – All Weather program grant will be available on a rolling (first-come, first-serve) basis, until funding is depleted. If a business applied for either round of the Alexandria Back to Business grant program, successfully or unsuccessfully, that business is still eligible for the All Weather grant as long as the All Weather grant funds are spent on the eligible uses. Learn more.
Alexandria Economic Development Partnership Resources
Learn about additional resources to help businesses impacted by COVID-19 pandemic, including Small Business Association programs, resources to help with utilities, grant opportunities, tax and regulatory changes and more.
Small Business Association Economic Injury Disaster Loan Program
The Small Business Association (SBA) is working directly with state governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Arlington, Alexandria and Fairfax businesses can begin applying for loans now.
Virginia 30 Day Fund Provides Loans for Small Businesses
The nonprofit Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. The loan is intended to provide immediate financial assistance to meet payroll, preserve healthcare coverage for employees, and save jobs. Help is designed to be quick, easy, and free of red tape, as small business owners work to keep employees on board in the near term.
Alexandria Chamber of Commerce
Find information and resources from local, state and national entities.
A Guide for Virginia Child Care Providers to Navigate the COVID-19 Pandemic
This document includes a knowledge guide with the most current information on how to maintain financial stability, support staff and protect health; a risk/benefit assessment to help guide decisions of whether to remain open (or reopen) to offer child care to families, prioritizing services to children of essential personnel; and a flow chart of resources, including funding.
Recovery Resources for Small Businesses
As Virginia businesses and communities look forward to safely reopen, the Virginia Small Business Development Center (SBDC) network and Alexandria SBDC have developed a Business Recovery webpage to help owners carefully plan for and execute their businesses’ new strategy. Learn more.
Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment including. For more information on how to file for the tax credit, visit the IRS website and the WOTC website.
Additional Resources for Businesses
In response to the COVID-19 pandemic, the Workforce Development Center is offering many of its services by phone and online. While workshops, hiring events and access to the Resource Center are suspended, we continue to operate under regular business hours. Learn more about and access WDC programs and services by calling 703.746.5990 or take advantage of our virtual services, including
- Website: Access and learn more about programs and services offered at no cost to businesses, including job placement, recruitment, labor market information and certified Business Services Specialists to assist in workforce planning.
WDC Job Board: Post open positions, search resumes and find your ideal candidate.
For updates and additional information on resources for employers and job seekers, follow us on:
For the latest information about COVID-19, visit alexandriava.gov/Coronavirus.