Economic Development

Business Recovery Fund

NEW - CIC Launches Second Round of Business Recovery Fund Loans

The Community Investment Collaborative (CIC) announced a second round of lending through the Business Recovery Fund.  The fund will provide flexible and affordable loan capital of up to $15,000 to microbusinesses impacted by the COVID19 pandemic as they work  to recover and rebuild.  

The fund will open to applications on Monday, May 8th, and the priority deadline for completed applications will be Friday, May 28th, 2021.  

Businesses seeking to apply or for more information about the fund , you can visit the              CIC Business Recovery Fund page for all the details.  

Recovery Roadmap Training Series for Local Businesses

The Office of Economic Development is offering the Recovery Roadmap Business Training Virtual Series as a result of the feedback we received from our Recovery Roadmap and Minority Business Commission listening sessions held in March.  All topics were recommended by Charlottesville area businesses and are being taught by local minority- or woman-owned businesses.  Workshops are free and open to all businesses.  Registration is required due to limited capacity.  

    May 5th, 6th, and 7th from 9am to 11am
    FREE additional two-hour consultation/assessment with instructor
    Instructor: Cathy Stapleton, Cathy Stapleton & Co.
    Registration for At Your Service
    May 10th, 11th, 12th, and 13th from 2pm to 4pm
    Instructor: Leslie Andrus, Seraphic Group Inc
    Registration for Human Resources Basics
    May 17th and 18th from 9:30am to 11:30am
    Instructor: Shelly Hamler, Counting Shells Bookkeeping
    Registration for Bookkeeping
    May 19th, 20th and 21st from 9am to 12pm
    FREE photo shoot and 50 to 75 edited professional photos
    Instructor: Jillian Regan, Jillian Regan Photo & Video
    Registration for Photography Basics
    May 24th and 25th from 9am to 12pm
    Instructor: Scott Hamler, Forezee Marketing
    Registration for Social Media

Restaurant Revitalization Fund

The Restaurant Revitalization Fund is scheduled to open in early April.  There are some advanced steps that businesses may need to do now to better prepare for the application process.  Watch this video for more details.  Check the Small Business Administration website for the most up-to-date information.

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant is scheduled to open in early April.  There are some advanced steps that businesses may need to do now to better prepare for the application process.  Watch this video for more details.  Check the Small Business Administration website for the most up-to-date information.

Southern Opportunity And Resilience (SOAR) Fund

SOAR Fund provides flexible, affordable capital and free business support services to small businesses and nonprofits across the south and southeast to help them navigate and rebuild from the Covid-19 economic crisis.  Get all the details at SOAR website

City Delivers $750,000 in Relief to Small Businesses

The City of Charlottesville Office of Economic Development (OED) is pleased to announce that 128 small businesses have received funds from the Small Business Relief Grant (SBRG) program. The full list can be found at the Small Business Relief Grant link.

Phase Three All Business Sectors

Governor Northam announced Phase Three guidelines for all Business Sectors.  Read about the Governor’s Safer at Home: Phase Three for more information.  

Project Rebound

Project Rebound, a local economic recovery initiative for our area, recently released "A Blueprint for Economic Resiliency and Reinvention in Greater Charlottesville Region". The report, produced by KPMG LLP, maps out economic recovery action steps for the business community.  The recommended actions are based on data from stakeholder meetings and follow-up interviews with more than 300 local participants. The project was led by the Charlottesville Regional Chamber of Commerce with support from the City, County and University economic development efforts. Click to see the full Blueprint report.

SBA Disaster Assistance

The Small Business Administration (SBA) has reopened the Economic Injury Disaster Loan and EIDL Advance program portal to further meet the needs of small businesses impacted by COVID-19.  See the SBA Disaster Assistance website for all the details and to apply.

Links to Assistance for Businesses During COVID-19

Financial Resources

Additional Information

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

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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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