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Businesses with less than $10 million in gross revenue or fewer than 250 employees will be eligible under the new criteria. Also, the maximum grant award will increase from $10,000 to $100,000.
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19. Rebuild VA will now be open to all types of Virginia small businesses that meet size and other eligibility requirements, from restaurants and summer camps, to farmers and retail shops. Businesses that previously received a Rebuild VA grant will receive a second award correlated with the updated guidelines.
Approved Rebuild VA applicants may receive grants of three (3) times their average monthly recurring eligible operating expenses, plus COVID Related expenses (if applicable), up to a maximum of $100,000.
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