Applications for Back in Business grants open June 15 in Chesterfield

'This is $10,000 that you don't have to pay back'
Posted at 2:46 PM, Jun 11, 2020
and last updated 2020-06-11 16:23:48-04

CHESTERFIELD COUNTY, Va. -- Getting back in business, that's what Chesterfield County leaders want to help small businesses do.

"We're very focused on that small business that may have been left out already," Chesterfield Chamber of Commerce President & CEO Danielle Fitz-Hugh said.

After the county received $5 million from the CARES ACT, the Board of Supervisors and Chamber of Commerce came up with the Back in Business Grant program.

It is an opportunity for 500 applicants to receive $10,000 each.

"The deciding factor was we wanted enough to make an impact," Fitz-Hugh explained. "We wanted it enough to maybe pay some payroll, cover your rent, your lease amount. Those operation costs that are fixed costs that you still have to cover whether you're making a dollar in revenue or not."

To be eligible you would need to meet a few qualifications:

  • being a business located in Chesterfield county
  • been operating for two years
  • show proof of at least a 25 percent loss in revenue due to the pandemic.

"During the pandemic, we guesstimate that businesses loss between 35 and 45 percent of revenue," Fitz-Hugh said. "We feel like 25 present is a good measurement so that we can serve more people."

Applications will open June 15 at 12 p.m. and close June 18 at 12 p.m.

"This is $10,000 that you don't have to pay back. This is $10,000 for you to put in your business as you see fit," Fitz-Hugh said. "All of us are working to support the businesses in the community so that they can make it through this crisis."

Click here for more information or to apply.

Virginia Together: The Rebound Richmond campaign is here to help. Find information on who is hiring, investigations into unemployment payment issues, financial advice on making ends meet, and mental health advice on managing the pressures. These stories will be featured often on CBS 6 News and can be found by clicking this link.