|
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov
703-771-2734
Town Now Accepting Leesburg Business Infusion Grant Applications
Applications for CARES Act funded assistance to small local businesses will be accepted online through Monday, July 13, 2020.
Leesburg, VA (July 6, 2020) – The Town of Leesburg is now accepting applications for Leesburg Business Infusion (LBI) grants. The online applications will be open through Monday, July 13, 2020, at www.leesburgva.gov/caresgrants.
The focus of the grant program is to provide local businesses currently facing financial hardships due to the COVID-19 crisis with an economic boost. A total of $3,025,000, provided through the CARES Act, will be distributed.
The LBI offers two funding tiers:
- Businesses with 2019 annual gross revenue between $25,000 and $100,000 are eligible to apply for $2,500, with approximately 200 grants available.
- Businesses with 2019 annual gross revenue between $100,001 and $1,000,000 are eligible to apply for $5,000, with approximately 505 grants available.
In order to be eligible, businesses must meet a number of criteria, including operating in the Town of Leesburg before March 1, 2020, in good standing on all tax payments and related business licenses.
Grants may generally be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business, but cannot be used to replace lost revenue.
Full details are available on the Town website at www.leesburgva.gov/caresgrants. For assistance or questions, contact Melanie Scoggins, Business Development & Retention Manager, at mscoggins@leesburgva.gov or 703-737-7019.
# # #
|
