Montgomery County, Town of Blacksburg, Town of Christiansburg Small Business Recovery Grant
Montgomery County and the Towns of Blacksburg and Christiansburg have established a grant fund to support small business recovery in response to COVID-19. One-time grants of up to $27,500 are being provided to offset business impacts during the pandemic. The grant program will be administered by all three localities in partnership with the Montgomery County Chamber of Commerce, Downtown Blacksburg Inc., Downtown Christiansburg Inc., and the Blacksburg Partnership.
Please register through this grants portal to access and complete the grant application. Applications are due Sept. 20, 2020.
Eligibility Criteria
Businesses meeting all of the following eligibility criteria are encouraged to apply:
- Must have been in business for a minimum of one (1) year prior to March 1, 2020
- Applicant is 51% + majority owner of business, 18 years or older
- Owner has or will have a valid EIN & DUNS, as well as a business bank account
- Owner/Applicant is not currently in bankruptcy
- Must demonstrate impacts due to COVID-19 (i.e. has suffered 20% or more decrease in revenue OR 20% or more net income decrease when comparing any three-month period in 2020 (from March to present) to the same months in 2019)
- Must be an existing for-profit business physically located in the Town of Blacksburg, Town of Christiansburg, or Montgomery County and possess a valid business license or business registration
- Must be current on all fees, permits and taxes as of the time of application, except when extensions have been granted by one of the localities due to COVID-19
- Must have at least a half-time (.5) employee (excluding owner) and no more than 50 full-time equivalent (FTE) employees
The following businesses are not eligible:
- Businesses not currently in operation
- Banks and financial services
- Nonprofit businesses
- Franchise businesses, except those franchises which are locally owned and operated
- Businesses that are permanently closed or engaged in illegal activities
To learn more, check out the whole grant below.