Event: Learn How to Prepare for Paycheck Protection Program (PPP) Loan Forgiveness Application
Does your small business have a Paycheck Protection Program (PPP) loan? Do you need guidance on how to begin the forgiveness process? Attend West End Business Association’s (WEBA) virtual Lunch and Learn on Monday, October 26, 12:30 p.m., and learn the steps to take to be prepared for the PPP loan forgiveness application announced by the U.S. Small Business Administration. A panel of local experts will offer advice and guidelines to both the simple and the advanced applications. Registration is free for WEBA members and $10 for guests. Learn more about the event and how to register at alexandriaweba.com. View the simpler loan forgiveness application, instructions for completing the application and the Interim Final Rule on the process.
Financial Relief for Small Businesses
Governor Northam's Rebuild! VA Small Business Grant Program
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds. Businesses and non-profits that are approved for a Rebuild! VA grant may receive up to three times their average monthly eligible expenses up to a maximum of $10,000.
Rebuild VA has expanded its eligibility criteria to allow more small businesses to apply. The application is open and available here. Small supply chain partners of businesses forced to close under Executive Order 53 or 55, as well as businesses that received CARES Act funding, are now eligible to receive a $10,000 Rebuild VA grant. Businesses that have received CARES Act funding must certify that they will only use the Rebuild VA grant for recurring expenses and that the grant will not be used to cover the same expenses as the other CARES Act funds.
To learn more about eligibility requirements and covered expenses or to apply, visit governor.virginia.gov/rebuildva. Read one-pagers on Rebuild VA in English, Spanish, Arabic, Chinese, Korean, and Vietnamese.
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 Economic Development Partnership Resources
Find information and resources to help small businesses affected by the COVID-19 crisis. Learn more.
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.