Fairfax County Small Business Grants: A Guide

In my previous article I discussed Idaho small business grants, in this post, we’ll explore Fairfax County Small Business Grants.

Fairfax County Small Business Grants
An Infographic On Fairfax County Small Business Grants.

Small businesses are the backbone of our economy, and Fairfax County, Virginia, recognizes their importance.

To begin with, the COVID-19 pandemic posed many challenges  and other economic uncertainties.

Therefore, the county has implemented several grant programs to support local businesses.

Fairfax County COVID-19 Small Business and Nonprofit Relief Grant Fund (RISE)

The COVID-19 pandemic posed unprecedented challenges for small businesses and nonprofits.

In response, Fairfax County launched the RISE program to provide immediate financial relief.

Key Details of the RISE Program

  • Purpose: To offer financial support to businesses and nonprofits severely affected by the pandemic.
  • Funding Source: $52.5 million allocated from federal CARES Act funds.

Eligibility Criteria

  • Small businesses and nonprofits must be located within Fairfax County.
  • Demonstrable impact from the pandemic, such as significant revenue losses or increased operating costs.

Grant Amounts and Usage

  • Expense Coverage: Grants could be used for wages, rent, health insurance, and other essential operating costs.
  • Amount: Varies based on the size of the business and the extent of financial need.

Application Process

  • Documentation: Applicants needed to submit detailed financial documents to demonstrate their need.
  • Repayment: Grants awarded through the RISE program do not require repayment.

Fairfax THRIVE

Fairfax THRIVE is an all-encompassing program offering a variety of free services aimed at bolstering small businesses in the county.

Eligibility Requirements

  • Businesses must have 50 or fewer employees to qualify for assistance under the THRIVE program.

Services Provided

  • Staff Retention: Strategies and tools to help retain key employees.
  • Brand Development: Enhancements to business brand identity and visibility.
  • Financial Planning: Expert guidance on managing business finances effectively.
  • Digital Marketing: Techniques foYour paragraph textr leveraging online marketing channels for growth.
  • E-commerce Transition: Assistance with moving sales and services online.
  • Real Estate Navigation: Support with commercial property challenges.

Small Business Relief Fund

The Small Business Relief Fund aims to provide targeted financial assistance based on the number of full-time-equivalent (FTE) employees a business has.

Grant Amounts Based on Employee Count

  • 1-10 Employees: $10,000
  • 11-25 Employees: $15,000
  • 26-49 Employees: $20,000

Eligibility Criteria

  • Businesses must be based in Fairfax County.
  • Must show significant financial need due to economic disruptions.

Use of Funds

Grants from the Small Business Relief Fund can be used for various operational costs, including rent, utilities, and other critical expenses necessary to maintain business continuity.

How to Apply for Fairfax County Small Business Grants

General Application Steps:

Identify Eligibility

Review the specific eligibility criteria for each grant program.

Gather Documentation

Prepare necessary financial documents and business records.

Submit Application

Follow the application process outlined on the Fairfax County official website.

Follow Up

So, keep track of your application status and be prepared to provide extra information if requested.

Fairfax County’s dedication to supporting small businesses is evident through its robust grant programs.

These initiatives are designed to provide essential financial assistance, expert guidance, and strategic support to ensure the resilience and growth of local businesses.

Whether you are a new startup or an established business facing challenges, exploring these grant programs can provide the necessary resources to thrive.

For the most up-to-date information and detailed application guidelines, visit the official Fairfax County website.

Sharing this information with fellow entrepreneurs can further strengthen our local business community.

By taking advantage of these opportunities, Fairfax County’s small businesses can navigate economic uncertainties and continue to contribute to the vibrant local economy.

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