Federal, State, and Local Government

FEDERAL

SMALL BUSINESS ADMINISTRATION (SBA)

The SBA declared Virginia, along with the rest of the country, a disaster area in the wake of the coronavirus outbreak on March 18.  In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. Visit Coronavirus Relief Options to learn more and apply for temporary relief.

The Small Business Administration (SBA) and the U.S. Department of the Treasury released the Paycheck Protection Program (PPP) loan forgiveness application, along with detailed instructions for how to apply. More information can be found on the SBA's website.

Links to valuable information for small businesses:

For the latest information from the Small Business Administration click here.

Counselors to America's Small Business (SCORE)

SCORE has served as America’s premier source of free business mentoring and education for more than 50 years, helping over 11 million entrepreneurs. A nonprofit resource partner of the SBA, SCORE is offering remote mentoringlive webinars, and online workshops to help businesses navigate the unprecedented challenges from the coronavirus outbreak.  

 

DEPARTMENT OF TREASURY

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible based on meeting program size standards. More information from the Department of the Treasury can be found here, and below are the most relevant highlights. 

 

FEDERAL GOVERNMENT RESOURCES

For the latest on the Federal Government coverage and resources click here.   

 

STATE 

Forward Virginia Phase 3

Effective July 31, the Hampton Roads region - specifically Virginia Beach, Chesapeake, Norfolk, Suffolk, Portsmouth, Hampton, Williamsburg, Newport News, Poquoson, James City County, and York County - will move into a hybrid phase that imposes stricter guidelines as a result of a spike in coronavirus cases.  Gov. Northam’s executive order will limit indoor dining capacity to 50 percent, restaurants must stop serving alcohol at 10 p.m. and close down for service at midnight, and private and public gatherings will be limited to 50 people from the current statewide limit of 250. More information from the governor’s office can be found here.

The rest of the state remains in Phase 3 of the “Forward Virginia” reopening plan. With Phase 3 in effect, social gatherings of up to 250 people are allowed and caps on non-essential retail businesses and restaurants are lifted. Phase 3 Frequently Asked Questions.

Additional guidelines for Phase 3 include:

  • The cap on the capacity for non-essential retail, restaurants, and beverage services will be lifted, however, physical distancing is still required
  • Entertainment venues, such as zoos, museums, and outdoor performance venues, may open at 50% capacity with a cap of 1,000 people
  • Gyms and fitness studios may operate at 75% capacity
  • Swimming pools may open at 75% capacity with physical distancing
  • Overnight summer camps remain closed
  • Face coverings will still be required in indoor public spaces

 

More information and a side-by-side comparison of Phase 2 vs. Phase 3 can be found here

 

Governor Northam issued Executive Order 63, requiring that everyone in the Commonwealth will need to wear a face covering inside any public building. Signage businesses may display to encourage the use of face covering for public safety is available here.

Exceptions to the directive include: 

  • While eating or drinking at a restaurant
  • While exercising
  • Those with health conditions that keep them from wearing a face covering
  • Children under 10

 

Rebuild VA Grant Fund

Rebuild VA, a new economic recovery fund, was created to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, private campgrounds, and overnight summer camps. 

Businesses and non-profits that are approved for a Rebuild VA grant may receive up to three times their average monthly eligible expenses up to a maximum of $10,000. The application will become available on August 10, 2020.

 

LOCAL 

Guidance and information from each of the Historic Triangle’s municipalities can be found below.

Greater Williamsburg Small Business Relief Fund

The City of Williamsburg Economic Development Authority (EDA) has partnered with the EDAs of York County and James City County, The Greater Williamsburg Partnership, and the Williamsburg Community Foundation to create the Greater Williamsburg Small Business Relief Fund. Qualifying businesses must be based in the Greater Williamsburg region, have operated for at least a year, employ three to 30 people, and be owned and operated by a Virginia resident. To apply for a $3,000 forgivable loan, visit va30dayfund.com.

 

Last Updated:  7/29/20