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GLOUCESTER CARES ACT 
BUSINESS RECOVERY TOTALS to date

Eighty-nine applications approved totaling 

 $411,466.00

rebuild va

 

Greetings:

 

In July, we shared that the Commonwealth would be launching a new grant program for small businesses and nonprofits called Rebuild VA. We’re writing today to let you know that Rebuild VA has expanded its eligibility criteria to allow more small businesses to apply. The application is open and available here: https://vsbfa.force.com/s/login/ 

 

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. 

 

Administered by the Department of Small Business and Supplier Diversity (SBSD), Rebuild VA has received over 3,000 applications. SBSD and its program partners, the Department of Housing and Community Development, the Virginia Tourism Corporation, and the Virginia Economic Development Partnership, made the decision to expand eligibility criteria after analysis of eligible and ineligible applications received within the first 30 days of the launch. 

 

More details about the program, including eligibility criteria, may be found by visiting https://www.governor.virginia.gov/rebuildva/. We hope that you will share this information widely with your networks. 

 

 

Sincerely,

Virginia Department of Small Business and Supplier Diversity

Virginia Small Business Financing Authority

101 N. 14th Street Eleventh Floor

Richmond, Virginia 23219

Email: VSBFA.OnLine@SBSD.Virginia.gov 

Documents

America’s SBDC Starts New Federal Resource for 

Small Business 

  The public website, COVID-SB.ORG is now live and can be accessed by anyone looking for federal information related to COVID-19 and small business.

Helpful Links:

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Coronavirus (COVID-19) in Virginia

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Gloucester Chamber of Commerce

William & Mary

Raymond A Mason School of Business: MBA Students Provide Support

MBA students at the William & Mary School of Business are offering crisis services to locally owned small businesses - FREE OF CHARGE. Visit the website for help.

 Economic Development E-Blasts

Federal and State COVID-19 Resources for Small Businesses 


U.S. CARES Act Assistance for Small Businesses

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses 

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

IRS Coronavirus Tax Relief for Businesses and Tax-Exempt Entities

https://www.irs.gov/coronavirus/coronavirus-tax-relief-for-businesses-and-tax-exempt-entities 

Get information on coronavirus (COVID-19) tax relief for businesses and tax-exempt entities, including employee retention credits and paid leave for workers and tax credits.

U.S. Small Business Administration (SBA)

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Small Business Guidance & Loan Resources.

 Economic Injury Disaster Loans

https://disasterloan.sba.gov/ela/

Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters.

 Paycheck Protection Program

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp 

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

 Virginia Department of Taxation

https://www.tax.virginia.gov/news/coronavirus-updates

Any income tax payments due during the time period of April 1, 2020, to June 1, 2020, will now be due on June 1, 2020. This includes individual and corporate income taxes paid to Virginia Tax. Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. When granted, businesses will be able to file and pay no later than April 20, 2020 with a waiver of any penalties.

Virginia Employment & Financial Support

https://www.virginia.gov/coronavirus/employment-and-financial-support/

Information from the state on support for affected workers, unemployment insurance, utilities, and corporate/sales/individual taxes.

Virginia Support for Businesses

https://www.virginia.gov/coronavirus/support-for-businesses/

Information from the state on support for impacted employers, SBA Economic Injury Disaster Loans, and corporate/sales/individual taxes.

Virginia Employment Commission Resources (Unemployment Insurance)

http://www.vec.virginia.gov/covid19

The Commonwealth has taken unprecedented steps to fight the spread of COVID-19 as well as making substantial moves to help those in the workforce who’ve been affected by this global event. This page will serve as your online resource to learn about any changes to the benefits application process along with VEC office closings, pertinent news releases and links to other helpful sites.

American Medical Association (AMA) Resources

https://www.ama-assn.org/delivering-care/public-health/tips-keeping-your-practice-business-during-covid-19-pandemic

Physician practices managing patients during the COVID-19 pandemic are confronting new and unique operational and business challenges. This checklist provides high level guidance for practice owners and administrators.

Virginia Chamber of Commerce

https://www.vachamber.com/covid-19/

The Virginia Chamber has provided a webpage of resources developed by the Commonwealth of Virginia, Virginia Department of Health, Treasury Department, Small Business Administration, Centers for Disease Control and Prevention, U.S. Chamber of Commerce, and other organizations and government partners to ensure your business and your employees have the necessary information to help prevent the spread of COVID-19 and keep our workforce healthy.

Re-Opening Checklist for Businesses

Re-opening Check List 1

Click on the graphic below for information from the Retail Alliance

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Contact Us

Sherry Spring sspring@gloucesterva.info

Office 804-693-1414

Elizabeth Ripley eripley@gloucesterva.info

Office 804-693-1415