PETERSBURG, Va. — Purposes at the moment are open for Petersburg small companies impacted by COVID-19 to obtain grants upwards of $10,000.
Town is providing funding by means of a second spherical of grants from their COVID-19 small business grant program.
When this system launched, $212,750 was awarded to 78 native small companies throughout Petersburg.
“The response to the primary spherical of this program was excellent. A lot in order that we’ve got elevated the second-round awards to vary from $1,500 to $10,000,” mentioned Petersburg Metropolis Supervisor, Aretha R. Ferrell-Benavides.
Companies eligible for reduction:
- Headquartered in Petersburg and has been operational for at the least 12 months (by at the least August 1, 2019.)
- Pays taxes to the Commissioner of the Income and holds a sound enterprise license.
- Has a Gross Annual Income of at the least $25,000.
- Employs 30 Full-Time Staff (FTE) or fewer.
Enterprise house owners with a number of companies can solely obtain one grant.
Those that obtained funding within the first spherical will routinely get extra funding this time and won’t want to use once more. If a enterprise utilized and didn’t get funding throughout the first spherical, they’re eligible to reapply.
The deadline to use for the COVID-19 small enterprise grant program is on October 30. Enterprise house owners can apply on-line here.