A new grant program to help struggling small Virginia businesses is expanding its criteria in an effort to help more small businesses.
Virginia launched the program called Rebuild VA last month to provide grants to small businesses that may not have had access to money from previous federal coronavirus relief programs.
However, the state is now allowing businesses that received loans through the Paycheck Protection Program or Economic Injury Disaster loans or other funding from the federal CARES Act to apply.
“When we initially launched Rebuild VA, we focused on reaching the small businesses and nonprofit organizations most in need,” Gov. Ralph Northam said in a statement. “I am deeply grateful for the work of our state agencies to swiftly adjust the parameters of this program so we can assist more Virginia businesses as they weather this health crisis and build back stronger.”
Virginia is planning to give $70 million