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Grants available for Powhatan small businesses impacted by COVID-19

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Posted at 1:08 PM, Aug 12, 2020
and last updated 2020-08-12 13:08:19-04

POWHATAN COUNTY, Va. -- Powhatan County is offering business grants up to $25,000 for Powhatan small businesses impacted by COVID-19.

Powhatan Business Assistance Grant program will use the county’s Coronavirus Aid, Relief and Economic Security (CARES) act funding to help small businesses survive the pandemic.

The Powhatan Board of Supervisors have allocated more than $517,000 to assist small businesses in Powhatan.

The funding will be administered through the Powhatan Economic Development Authority by Community Investment Collaborative (CIC).

The program is separated into two categories:

  1. Funding up to $25,000 for businesses with 10-25 employees and $500,000-$2.5 million in revenue per calendar year 2019.
  2. Up to $10,000 for businesses with 9 or less employees and less than $500,000 in revenue per calendar year 2019. All businesses must be able to show at least a 25% revenue reduction from 2019 to 2020.

Powhatan small business owners can apply for the grant beginning on August 24 through September 7. Applicants are required to visit the CIC website and complete the interest form to be automatically informed of the opening of applications.

Awards will be made for qualified businesses in early September.

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