Grants will support entrepreneurial training and small business development

Governor Glenn Youngkin today announced $180,000 in Community Business Launch (CBL) grants for the Downtown Lynchburg Association, Nelson County and the Waynesboro Economic Development Authority. CBL provides funding to offer training to entrepreneurs and conduct business plan competitions that align with local and regional economic development strategies, primarily in Virginia's downtown commercial districts. 

Grants will support economic vitality in downtown districts

Governor Glenn Youngkin today announced Virginia Main Street grants for 16 communities totaling more than $257,000. The funded projects will revitalize historic commercial districts, expand small businesses and bolster local economies through new technology and improved marketing.  

Awards included two gold and one bronze recipient recognition

The Virginia Department of Housing and Community Development received three distinguished awards from the International Economic Development Council (IEDC) for its 2022 Excellence Awards at the recent IEDC Annual Conference. The awards honor organizations for exemplary economic development marketing campaigns, projects and programs. Virginia was recognized for the Community Business Launch, Industrial Revitalization Fund and Growth and Opportunity for Virginia (GO Virginia).  

2023 DOWNTOWN INVESTMENT GRANTS:

Mid Atlantic Railroad Park | $25,000
Downtown Ashland Association
This project will fund the construction of the Mid Atlantic Railroad Park, which will be a museum in the format of an outdoor walking tour through Downtown Ashland. The railroad park will feature nine train-themed exhibits and sites that will be open to the public year-round.

Four projects will expand talent pipelines and foster entrepreneurial ecosystems

Governor Glenn Youngkin today announced more than $1.2 million in Growth and Opportunity for Virginia (GO Virginia) grant awards for four projects focused on innovative workforce development initiatives designed to expand talent pipelines in technology sectors, as well as foster entrepreneurial startups, business development and venture investment.

Funding will support new construction and rehabilitation of over 1,900 affordable and special needs housing units

Governor Glenn Youngkin today announced more than $27 million in Affordable and Special Needs Housing loans for 34 projects across the Commonwealth. The recommended projects will create and preserve 1,990 total units for low-income and extremely low-income households, including 137 permanent supportive housing, 1,588 new construction units, and 16 units for sale as homeownership opportunities.
 

Go Virginia grants will support regional economic growth

Governor Glenn Youngkin today announced more than $10.2 million in Growth and Opportunity for Virginia (GO Virginia) grant awards for 13 projects focused on expanding talent pipelines in key industries, strengthening entrepreneurial ecosystems, and developing business-ready sites while supporting regional economic growth through localities, public entities and private businesses.

Grants will support job creation, infrastructure improvements, and workforce training

Governor Glenn Youngkin today announced that he is recommending 18 projects for funding by the Appalachian Regional Commission (ARC), totaling $8.6 million in grants. Virginia's Appalachian region encompasses 25 counties and eight independent cities. ARC will finalize approval of these project awards later this year.

Funding will support regional economic development initiatives

Governor Glenn Youngkin today announced more than $1,261,859 in Growth and Opportunity for Virginia (GO Virginia) grant awards for eight projects focused on creating critical talent pipelines to support regional economic growth, strengthen workforce development and support collaborative programs between localities, public entities and private businesses.

The Virginia Department of Housing and Community Development (DHCD) announced today that it is closing the Virginia Rent Relief Program (RRP) application portal at 11:59 p.m., May 15, 2022, to new applications.