The Patrick County Board of Supervisors and the Patrick County Economic Development Authority are working to help provide financial assistance to small businesses that have been negatively affected by the COVID-19 pandemic.
Applications to the Small Business Relief Fund are open, with the deadline extended until September 30, 2020.
To be considered for the grant, a business must:
Be a for-profit business physically located in Patrick County.
Business must have been negatively impacted or interrupted as a result of the COVID-19 pandemic. Examples of negative impacts include revenue loss, reduced sales, closure or suspended operation, and/or employment decline.
Business must have been open to the public and demonstrate active sales as of March 1, 2020.
Businesses within the Town of Stuart must have an active business license as of March 1, 2020.
Business must be current on all local taxes, licenses, permits, and any associated fees.
Had 50 or fewer employees as of March 1, 2020.
Is not a franchised business.
Home based businesses are eligible.
The following expenses are eligible:
Payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave.
Employee salaries.
Mortgage payments, rent, and utilities.
Interest payments for any business loans from national or state-chartered banking, savings and loan institutions, or credit unions, that were incurred before or during the emergency.
Eligible personal protective equipment, cleaning and disinfecting materials, or other working capital needed to address COVID-19 response.
Inventory losses associated with lack of sales due to the pandemic.
Insurance expenses related to increased coverage costs.
The EDA will be accepting, reviewing, and providing feedback to applications as they are received, so applicants are encouraged to apply before the deadline.
Additionally, an updated Frequently-Asked-Questions is available at https://www.co.patrick.va.us/.
An online application can be found at: https://forms.gle/EwvBv9B9HTMUx4i6A.
Questions or comments may be emailed to EDA@co.patrick.va.us.
