Recovery Grant Closed

We are sorry to inform you that the Chesapeake Small Business COVID-19 Recovery Grant application period has officially closed. After the initial review period, grant awards will likely be announced early July. Thank you to everyone who applied — and good luck!

If you did not get an opportunity to submit an application for your small, for-profit business in Chesapeake, Virginia, please check back regularly, as we will be offering additional grant opportunities in the near future. In alignment with our mission, these grants will help supply the necessary funds and tools needed for businesses from all industries recover from this pandemic.

Chesapeake Small Business COVID-19 Recovery Grant

The purpose of this program is to assist small, for-profit businesses in Chesapeake, Virginia, that have been adversely impacted by the COVID-19 pandemic. Limited funds are available for this grant assistance program and only qualified applicants will receive funds. All applicants must submit certain financial information and all applications must be deemed complete before the Chesapeake Economic Development Authority (EDA) can fund any grant. Preference will be given to the following type(s) of businesses:

  1. Businesses making all efforts to remain open and keep as close to full employment as possible
  2. Small, Woman, and Minority (SWaM) certified or SWAM-eligible businesses
  3. Veteran-owned businesses
  4. Businesses located in low-to-moderate Income census tracts in the City of Chesapeake. (see map)
  5. Businesses that employ low-to- moderate income persons (at least 50% of workforce must qualify)

The EDA may also request additional information before finalizing its review. All applicants must further certify that the information provided below and submitted with this application is true and accurate.

Please note that EDA funds for this program are available to the extent the EDA has authorized funding to support this program and may end the same at any time pursuant to its sole and absolute discretion.

Grant awards will be based on most recent payroll for those that have met the following conditions:

  1. Have made efforts to remain open and retain employees during the COVID-19 outbreak;
  2. Must have been in business since March 1, 2019; and
  3. Are current on City of Chesapeake taxes and have registered with Commissioner of Revenue for 2020.

Grant funds must be used for operational working capital used to sustain the business and maintain employment. The grant funds will be issued on a reimbursement basis whereby the applicant can clearly demonstrate that expenses have been paid.

Grant amounts vary by size of business, based on number of employees (documented by payroll statements and federal employment records):

$2,500

Business with
1-5 employees

$5,000

Business with
6-20 employees

$7,500

Business with
21-35 employees

$10,000

Business with
36-50 employees