Greater Williamsburg Small Business Relief Fund
The City of Williamsburg Economic Development Authority (EDA) is proud to partner with the EDAs of York County and James City County, The Greater Williamsburg Partnership (GWP), and the Williamsburg Community Foundation to create the Greater Williamsburg Small Business Relief Fund.
What the Fund Will Provide
This fund will provide forgivable loans to businesses located in the Greater Williamsburg region, and donations to the Fund will be collected by the Williamsburg Community Foundation (WCF). WCF will partner with the Virginia 30 Day Fund to support businesses across the Commonwealth of Virginia, to administer the fund including processing applications and issuing payments.
The Greater Williamsburg Small Business Relief Fund was established with $10,000 in seed money from the Economic Development Authorities of the City of Williamsburg, James City County, and York County. Already, others are stepping up to grow the fund. Chesapeake Bank has committed $10,000, while two Williamsburg Community Foundation trustees have also committed to helping.
Special thanks to City Councilwoman Barbara Ramsey, who has offered to match up to $6,000 in donations to the fund.
If businesses or individuals are interested in donating to the Greater Williamsburg Small Business Relief Fund to support regional businesses, please visit the WCF Donation website. If you prefer, WCF can help set up an electronic transfer from a bank account. For more information, please email WCF or call 757-259-1660.
Qualifying businesses must be based in Greater Williamsburg (City of Williamsburg, James City County, or York County), have operated for at least a year, employ three to 30 people, and be owned and operated by a Virginia resident. Such businesses can apply for a $3,000 forgivable loan online. Applications will be evaluated by volunteers with Master of Business Administration (MBA) students from the Raymond A. Mason School of Business at William and Mary and the Darden School of Business at the University of Virginia. Businesses are encouraged to repay the loan by depositing funding back into the fund when they are able to "pay it forward."