COVID-19 Updates Archive - December 2020

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  1. Dec. 29 Updates
  2. Dec. 23 Updates
  3. Dec. 22 Updates
  4. Dec. 18 Updates
  5. Dec. 16 Updates
  6. Dec. 14 Updates
  7. Dec. 11 Updates
  8. Dec. 10 Updates
  9. Dec. 9 Updates
  10. Dec. 8 Updates
  11. Dec. 3 Updates
  12. Dec. 1 Updates

Dec. 29, 2020 Update - 2:30 p.m.

Governor Northam Commits Additional $20 Million to Rebuild VA Economic Recovery Fund
Funding will fulfill pending grant awards for over 300 eligible small businesses and nonprofit organizations

Governor Ralph Northam today allocated an additional $20 million in federal CARES Act funding to the Rebuild VA economic recovery fund to meet demand for the program and fulfill pending grant applications. This new funding will bring the program total to $120 million and will enable more than 300 small business and nonprofit organizations that applied before the last round of funding was exhausted in early December to receive grants. Eligible applicants that are still in the pipeline have been notified via email that their applications have been re-opened.

Earlier this month, Governor Northam announced that Rebuild VA had fully committed the $100 million in federal funds previously allocated to the program, which provided grants to 2,500 small businesses and nonprofits whose normal operations were disrupted by the COVID-19 pandemic. More than 45% of the available funding was awarded to nearly 1,000 small businesses and nonprofits located in low-income and economically disadvantaged communities and about $50 million was awarded to women, minority, and veteran-owned businesses. To date, Rebuild VA has received nearly 20,000 applications and the average grant award was $35,636.

Administered by the Department of Small Business and Supplier Diversity (SBSD), Rebuild VA launched in August with $70 million in CARES Act funding. Governor Northam directed an additional $30 million to the program in October and SBSD expanded eligibility so that businesses with less than $10 million in gross revenue or fewer than 250 employees could apply.  

For additional information on Rebuild VA, please visit governor.virginia.gov/RebuildVA.

Read the full news release on the Virginia Governor Newsroom.