For Immediate Release: November 16, 2016
Contacts: Office of the Governor: Brian Coy, (804) 225-4260, Brian.Coy@governor.virginia.gov | Virginia Department of Housing and Community Development, Velma Ballard, (804) 837-1636, velma.ballard@dhcd.virginia.gov

Governor McAuliffe Announces Nearly $202,600 in Building Entrepreneurial Economies Funding

~Grants will provide support for eight entrepreneurship programs in 20 localities~

 

RICHMOND – Governor Terry McAuliffe today announced nearly $202,600 in Building Entrepreneurial Economies (BEE) grant awards for eight projects in the Commonwealth. The BEE grant program provides funding to local governments and nonprofit organizations for entrepreneurship programs aligned with local and regional economic development strategies, primarily in distressed communities and populations.

“Small business development is a vital component of the new Virginia economy," said Governor McAuliffe. “The Building Entrepreneurial Economies grant awards will support our homegrown assets and create new opportunities for economic diversification. By supporting small business programs in communities across the Commonwealth, we are building a strong entrepreneurial environment that will ensure that Virginia continues to be the best place for individuals to start and grow their companies.”

BEE offers several types of grants, including implementation and planning. The implementation grants are awards up to $40,000 for projects that expand coverage for small business support services or implement innovative ideas that have already been funded and field tested through the BEE planning grant program. Planning grants are awards of up to $15,000 to research, develop and plan for a potential project.

“By leveraging public and private resources, we are able to assist projects that will result in the creation of businesses and jobs in these communities,” said Secretary of Commerce and Trade Todd Haymore. “This competitive funding is another resource Virginia is utilizing in support of small business and entrepreneurship development. I congratulate the 20 localities throughout Virginia who are leveraging this nearly $202,600 in funding to build a new Virginia economy.”

Fourteen applications totaling more than $366,000 in funding were received. Projects were reviewed and evaluated competitively, with an emphasis on those with innovative efforts to encourage entrepreneurship, alignment with regional or local strategies and the availability of matching resources.

2017 BEE Implementation Grants

Applicant

Localities

Project Name

Award Offer

Floyd County EDA

Floyd County

Entrepreneurs and Value-Chain Enhancement

$ 40,000

Staunton Creative Community Fund

City of Staunton

Staunton Innovation Hub

$ 40,000

Virginia Western Community College

Roanoke County and City of Roanoke

RAMP and Virginia Western Talent Accelerator

$ 40,000

Page County Public Schools

Page County

Page County Youth Entrepreneur Program

$ 22,596

Total:

$ 142,596

                           

2017 BEE Planning Grants

Applicant

Localities

Project Name

Award Offer

University of Virginia’s College at Wise

Wise County and the Town of Wise

“The Nest” Entrepreneur Hub

$ 15,000

STOP Inc.

Southampton and Isle of Wight counties and the cities of Chesapeake, Franklin, Hampton, Newport News, Norfolk, Portsmouth, Suffolk and Virginia Beach

Vantage Point: Innovation in Underserved Populations

$ 15,000

City of Harrisonburg

Rockingham County and City of Harrisonburg

Regional Marketing Analysis

$ 15,000

Lunenburg County

Lunenburg County

BEE Prepared for Small Business in Lunenburg

$ 15,000

Total:

$ 60,000

 

 

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