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

January 4, 2021 by Sean Trambley
Virginia 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

35 States at Extreme Risk of Partisan Gerrymandering
In The States
35 States at Extreme Risk of Partisan Gerrymandering
April 16, 2021
by TWN Staff

Thirty-five states are at extreme or high risk of partisan gerrymandering, according to an in-depth report by the nonpartisan RepresentUs organization. The Gerrymandering Threat Index rates all 50 states, and its authors argue their findings underscore the urgent need to pass the redistricting reforms within the... Read More

Plan Afoot to Extend PPP Deadline to May 31
In The News
Plan Afoot to Extend PPP Deadline to May 31

WASHINGTON - A bipartisan bill to extend the Paycheck Protection Program to May 31 is gaining support in the House and the Senate and will likely be voted on before lawmakers head back to their districts at the end of the month. The proposal to extend... Read More

Cherry Blossom Peak Bloom Date Announced
District of Columbia
Cherry Blossom Peak Bloom Date Announced
March 2, 2021
by TWN Staff

WASHINGTON - It’s hard to believe it’s almost that time of year again, but on Monday came word that the peak bloom for the cherry blossoms ringing the Tidal Basin in Washington is currently expected to occur April 2-5.  That means the most vivid of blooms... Read More

Once the Mainstream Model, Michigan GOP Embraces Right Wing
In The States
Once the Mainstream Model, Michigan GOP Embraces Right Wing

LANSING, Mich. (AP) — Josh Venable, a longtime Michigan GOP operative and chief of staff to former U.S. Education Secretary Betsy DeVos, can trace the arc of the state's Republican Party clearly."This was the state where to be Republican was defined by Gerald Ford and George... Read More

What NY Prosecutors Could Learn from Trump's Tax Records
In The States
What NY Prosecutors Could Learn from Trump's Tax Records

NEW YORK (AP) — Manhattan District Attorney Cyrus R. Vance Jr. fought for a year and a half to get access to former President Donald Trump's tax records.Now, thanks to a U.S. Supreme Court ruling, he will soon have them. But what will that mean for... Read More

Indian Country Gripped by Haaland Hearing for Top US Post
Indian Country Gripped by Haaland Hearing for Top US Post

FLAGSTAFF, Ariz. (AP) — For Native Americans, Deb Haaland is more than an elected official on track to become the first Indigenous secretary of the Interior Department. She is a sister, an auntie and a fierce pueblo woman whose political stances have been molded by her... Read More

News From The Well
scroll top