Fluvanna Dedicates $350,000 to Small Business Grants

PALMYRA, VA – At the June 17 meeting, the Fluvanna Board of Supervisors approved creating a $350,000 small business grant program.

The Funds for Recovery and Operations Management (FROM): Fluvanna Small Business Grants will help businesses from Fluvanna recover from the effects of the ongoing health crisis. FROM: Fluvanna grants will allow businesses to recoup increased cost of operation, lost revenue, and other unbudgeted expenses caused by the COVID-19 health crisis.

“In this extraordinary time of business disruption due to COVID-19, we feel it is critical to provide some level of financial support to help our small business community survive and help them get back on their feet,” said Eric Dahl, Fluvanna’s County Administrator. “We thank the Fluvanna County Board of Supervisors for their leadership in authorizing the use of CARES Act funds for the small business grants.”

FROM: Fluvanna grants are structured to assist for-profit companies and private schools in Fluvanna. Grants are awarded on a sliding scale based on number of employees at the business. Grants  range from $2,500 up to $20,000:

• O Full-Time Equivalent (FTE) employees: up to $2,500
• 1 FTE employees: up to $5,000
• 2-20 FTE employees: up to $10,000
• 21-50 FTE employees: up to $15,000
• 51+ FTE employees: up to $20,000

Businesses and private schools based in Fluvanna are eligible for FROM: Fluvanna grant money. Franchises not based in Fluvanna, banks, and non-profit businesses are not eligible to apply. The Board of Supervisors will discuss a nonprofit program at the July 1 meeting.

“Our business community is an important aspect of the community. FROM: Fluvanna grants will allow businesses to operate under the new health guidelines. We hope the grants will enable businesses to keep employees and operations as we navigate the world we now live in,” said Bryan Rothamel, Fluvanna’s Economic Development Coordinator.

Fluvanna County will host webinars and town halls regarding the FROM: Fluvanna Small Business Grants. Businesses seeking more information or who would like to attend the upcoming webinars or are encouraged to sign up here: https://forms.gle/iRQTL1CNZCHmreXQ9.

Just like the Fluvanna Business Recovery Loans, the FROM: Fluvanna grants will be administered by the Community Investment Collaborative.