Chesapeake Economic Development Offers Extra $1M for Small Businesses

2/12/21

By Sydney Lake, Virginia Business

Through the Chesapeake Economic Development department’s latest $1 million round of COVID-19 grants, small businesses can receive up to $10,000 for reimbursable business expenses related to the pandemic, such as rent, payroll and operating costs.

This marks the department’s third round of Small Business COVID-19 Recovery Grant program funding. So far, the department has disbursed $2.5 million among 260 small businesses in Chesapeake.

“We’re committed to helping our business community find success during these trying times,” Steven Wright, director of economic development for the city of Chesapeake, said in a statement. “We understand the impact our community has felt and we’re working to get more funds to those who need it as quickly as we can.”

READ FULL ARTICLE HERE