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City Receives Dozens of Applications for Local Business Financial Relief

Post Date:05/08/2020 11:52 AM

 Less than a week after the City of Williamsburg’s Economic Development Authority began to accept applications for its local business financial relief grants, more than 50 have been successfully submitted and almost 40 more applications are in progress.

The grant, funded with $1 million by City Council at a virtual special called meeting on April 30, seeks to help locally owned businesses survive the economic impact of the coronavirus pandemic.

"Williamsburg goes far beyond a single road, business or neighborhood," said City Manager Andrew Trivette. "Community is the lifeblood of a small City like Williamsburg. Our businesses, events, and attractions make this community thrive economically and culturally. We have long known that their hurt is the hurt shared by all of our residents. The EDA grant authorized and funded by the City Council is one part of the City Council’s effort to bandage the wound caused by COVID-19. As we exit stringent COVID-19 mitigation efforts, the focus turns to a speedy recovery and a path forward to a ‘new’ normal in a safe and educated manner. Bolstering our local ‘Main Street’ is the lynchpin in that mission."

The grant program refunds half of an eligible business’s 2019 Business, Professional and Occupational License tax (business license) if the business meets a few general criteria such as showing revenue decreases and local ownership. The City’s Economic Development Authority began to accept applications for the grant at 9 a.m. on May 4, 2020.

"Our COVID-19 Business Grants are further evidence that the city and its leaders are working to assist local businesses during this time of crisis," said Williamsburg Economic Development Authority Director Michele Mixner DeWitt. "As we look to the future and what life will look like after the pandemic, the EDA will continue to serve as a resource to entrepreneurs."

For more information on the City of Williamsburg’s COVID-19 Business Grant program, go to bit.ly/WilliamsburgCovidBusinessGrant. For business resources, information on a matching marketing grant and information on how Williamsburg supports business go to: YesWilliamsburg.com.

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