City of Virginia Beach Development Authority Launches Small Business Grant Program

The City of Virginia Beach Development Authority (VBDA) recently announced the launch of the Virginia Beach Small Business Grant Program.

The Small Business Grant Program was established to assist small, women, minority, veteran or disabled veteran-owned Virginia Beach businesses grow and expand.

The program, which is administered by the Virginia Beach Department of Economic Development, provides the grants for the purchase of inventory, marketing, development of an online or mobile presence, equipment or supplies purchases, business expansion or for real estate acquisition. Grants will be funded on a first-come, first-served basis based upon availability of funds, compliance with program guidelines, and submission of a complete application.

“Virginia Beach Development Authority recognizes the need to increase access of funding for qualified small businesses,” said Deputy City Manager Amanda Jarratt. “We continue our commitment to serving historically underserved and marginalized small businesses by creating an inclusive economy in Virginia Beach.”

In addition to providing a financial grant, the Small Business Grant Program provides recipients access to technical expertise and mentorship on topics such as legal services, financial analysis, digital marketing and more.

To apply for the grant, a business must attend a pre-application workshop offered by the Virginia Beach HIVE Business Resource Center. Register online for one of the workshops, which offers in-person and virtual options. Only pre-registered applicants will be allowed to attend workshops. The link for the 2024 Small Business Grant application will be sent to attendees of the pre-application workshops on Sept. 30, 2024.

About Virginia Beach & the Department of Economic Development 
Virginia Beach, one of Virginia’s most populous cities, resides where the Chesapeake Bay meets the Atlantic Ocean. The mission of the Virginia Beach Department of Economic Development is to drive economic vitality and inclusive prosperity in the city by fostering the attraction and creation of new investment, innovation, and jobs. www.yesvirginiabeach.com