News Flash Home
The original item was published from 7/14/2020 3:15:00 PM to 7/14/2020 3:15:35 PM.

News Flash

Home - City Spotlights

Posted on: June 10, 2020

[ARCHIVED] Suffolk EDA Unveils New Small Business Support

Suffolk EDA Unveils New Small Business Support


The Suffolk Economic Development Authority (EDA) approved a new Grant Program designed to support businesses facing economic hardship due to the outbreak of the coronavirus COVID-19.


The EDA has allocated up to $200,000 for the COVID-19 Small Business Assistance Grant Program in emergency relief to support local businesses with a commercial presence in the City.  Via the new Grant Program, qualifying business may be eligible to receive a one-time grant up to $5,000.


Applications will be accepted beginning June 11, 2020 and can be found, along with information about how to apply, on the Suffolk Economic Development website under COVID – 19 Resources.


The new Program focuses on businesses that have been impacted the hardest by the outbreak and associated Executive Orders.  The Grants will provide for a wide range of applicable uses to support varied needs, such as support to pay private utilities (gas, power, cable), rent, insurance, or operating expenses.


A sample of criteria to qualify includes:

Businesses must have no more than 50 Full–Time employees as of March 24, 2020

For-Profit

Must have been operational prior to Jan 1, 2020

Impacted by Governor Northam’s Executive Order 53 and associated directives

Other conditions apply: see the full list of requirements.  The Program will continue until funds are fully depleted.


Contact Gregory Byrd,  757.514.4042, or SuffolkEDA@suffolkva.us with questions.

Facebook Twitter Email