Fairfax City’s Economic Development Authority (EDA) today will launch a grant program through its ReConnected Fairfax campaign to promote a successful #BacktoBusiness environment for the city’s small businesses.
With a total of $1 million in grant funding to distribute through the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, the EDA will initiate a competitive application process to select businesses eligible for the $5,000 and $10,000 ReConnected Grants.
ReConnected Grants will provide selected businesses with economic stimulus or reimbursement for expenses incurred as a result of the Commonwealth’s State of Emergency, including:
- Create new marketing campaigns
- Purchase new protective equipment & supplies
- Hire specialized sanitization services
- Reconfigure space to comply with social distancing requirements
- Pay employees (up to 30 percent of total grant allotted)
In selecting businesses to receive grants, the EDA will consider companies active since March 2019 that:
- Prioritize the businesses most in need of stimulus following shutdown orders
- Award grants only to businesses with 30 employees or fewer
- Allot 30 percent of grants to Small, Women-owned, Minority-owned and Veteran-owned businesses
Businesses should submit eligibility requirements through an application form that will be available on the EDA’s website beginning at 5pm today through July 8. Once given notice of eligibility acceptance by the EDA, businesses will submit official applications July 15 through July 22. The EDA will notify grantees of awards July 27 through July 31. Payment processing will begin August 1 and end December 1.
Business owners should email ReConnectedGrant@fairfaxcityeda.org with any questions and continue to visit resources on the EDA’s ReConnected site. More information will be shared as it becomes available and on the EDA’s social media accounts.
Fairfax City Economic Development Authority
The Fairfax City Economic Development Authority’s mission is to empower local businesses, create sustainable business growth, promote community involvement through economic development, promote honesty and integrity in the community, and foster close ties between people, business, and government. To receive the latest business and economic development news from the EDA, please subscribe to the Business Bulletin.