Economic Development

Businesses Recovery Fund 

The Business Recovery Fund is a microloan program intended to provide existing businesses in the region and with funds to restart operations once the COVID-19 pandemic subsides. The fund was created with investments from Albemarle County, the City of Charlottesville and private support to CIC.

CIC will administer the loans as part of the microloan program. The fund will offer microloans up to $10,000.

Applications for Round 2 opens on May 15 and closes on May 29, 2020.  Read all the details and complete the application on the Community Investment Collaborative website: Business Recovery Fund

Businesses Reopening - Phase One 

Governor Northam announced Phase One guidelines for the reopening of businesses.  Read about the Governor’s Overview of Forward Virginia Phase One for more information.

For all business sectors, read about the Detailed Business Sector Guidelines (PDF), Forward Virginia One, along with these additional informational links:

  • Ideas for business and leaders from Reopen Main Street
  • Virginia Tourism Corporation has released a Road to Recovery video and a COVID-19 Toolkit
  • The American Hotel and Lodging Association launched its "Stay Safe" program, for enhanced cleaning and safety standards across the industry
  • The National Restaurant Association published a Restaurant Reopening Guide to help the restaurant industry to reopen safely
  • The National Retail Federation has compiled a Checklist (PDF) that represents guidance from their members and subject matter experts, and is intended to highlight key topics to consider as retailers seek to re-open operations

Questions should be directed to this address that is serving as a hotline: business@virginia.gov

Links to Assistance for Businesses During COVID-19

Financial Resources

Additional Information

  • Charlottesville restaurants and stores  currently "open" for business: CVILLESHOPS 

For the most up-to-date information, be sure to follow us on social media or sign up for updates.

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The Office of Economic Development is the catalyst for public and private initiatives that create employment opportunities and a vibrant and sustainable economy.

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