The $10,000 grants are designed to provide immediate relief to businesses to help them remain in business through the COVID-19 pandemic and prepare for reopening under the guidelines of Forward Virginia.
The $5 million dollars, dedicated for the grant program, will come from the federal funding Chesterfield County received from the Coronavirus Aid, Relief and Economic Security (CARES) Act.
- Must be a for-profit business entity with a place of business located in Chesterfield County;
- Must have been in business for a minimum of 2 years;
- Must have at least $200,000 but no more than $2 million in annual gross revenues;
- Must be able to demonstrate at least a 25% loss in revenue that can be attributed to COVID-19.