Northam Commits Additional $20 Million to Rebuild VA Economic Recovery Fund

January 4, 2021 by Sean Trambley
Gov. Ralph Northam

RICHMOND, Va. – This week, Virginia Gov. Ralph Northam 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 non-profit 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, 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. 

“Small businesses and non-profits are among those hit hardest by the pandemic, and many are bracing for an uncertain few months ahead as the virus surges and we await the widespread availability of the vaccines,” said Northam. “Virginia’s small business community remains diligent in protecting the health and safety of their employees and customers, and we must continue to support them in every way we can. With Congress finally acting on a long-overdue relief package, I am also grateful that Virginia businesses will now have another opportunity to apply for the Paycheck Protection Program in the near future.”

More than 45% of the available funding was awarded to nearly 1,000 small businesses and non-profits 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, Rebuild VA launched in August with $70 million in CARES Act funding. 

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. 

“Getting these dollars to more small businesses and non-profits that have been impacted by COVID-19 is a top priority for our administration,” said Virginia Secretary of Commerce and Trade Brian Ball. “The large number of applicants still in the pipeline for Rebuild VA funding demonstrates the tremendous need for this and additional financial support.”

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

State News

Wisconsin Reps. Urge Federal Leadership to Ensure Rural Communities Aren’t Left Behind
State News
Wisconsin Reps. Urge Federal Leadership to Ensure Rural Communities Aren’t Left Behind
January 15, 2021
by Sean Trambley

WASHINGTON — This week, U.S. Reps. Ron Kind, D-Wis., and Mike Gallagher, R-Wis., sent a bipartisan letter to Operation Warp Speed leadership urging them to consider the unique challenges of vaccine distribution to rural areas across Wisconsin and take steps to support timely and equitable vaccine... Read More

U.S. Space Command Gets New Headquarters in Alabama
Military
U.S. Space Command Gets New Headquarters in Alabama
January 15, 2021
by Tom Ramstack

WASHINGTON -- The Secretary of the Air Force announced Wednesday that Huntsville, Ala., will be the new headquarters of the U.S. Space Command. The announcement was welcomed in Alabama but criticized as an example of partisan politics by government officials in Colorado, where the Space Command... Read More

Telecommute Taxation: States Take Sides Over Out-of-State Income Tax Dispute
State News
Telecommute Taxation: States Take Sides Over Out-of-State Income Tax Dispute
January 13, 2021
by Reece Nations

CONCORD, N.H. — A collection of 14 states have now signed amicus briefs backing New Hampshire in the state’s appeal to the U.S. Supreme Court to determine whether jurisdictions may tax the income of remote workers who cannot commute to their workplaces.  In October, New Hampshire... Read More

Gov. Little Announces Idaho’s Fiscal 2022 State Budget, Prioritizes Tax Relief and More
State News
Gov. Little Announces Idaho’s Fiscal 2022 State Budget, Prioritizes Tax Relief and More
January 13, 2021
by Sara Wilkerson

Earlier this week, Idaho Governor Brad Little announced his “Building Idaho’s Future” plan, a comprehensive proposal that will impact the state’s budget into 2022. The plan features more than $450 million in tax relief and strategic investments in critical infrastructure projects such as education, transportation, public... Read More

EXPLAINER: Why National Guard's Role Was Limited During Riot
Cities
EXPLAINER: Why National Guard's Role Was Limited During Riot

WASHINGTON (AP) — In the aftermath of the deadly riot at the U.S. Capitol last week, questions are being raised about why the District of Columbia National Guard played such a limited role as civilian law enforcement officers were outnumbered and overrun. The questions also highlight... Read More

State Capitols Step Up Security Amid New Safety Concerns
State News
State Capitols Step Up Security Amid New Safety Concerns

State capitols across the nation stepped up security Monday, deploying National Guard units, SWAT teams and extra police officers while several legislatures convened amid heightened safety concerns following last week's violence at the U.S. Capitol. The protections came as the FBI issued a bulletin warning of... Read More

News From The Well
scroll top