Isle of Wight County and the Towns of Windsor and Smithfield have expanded the COVID-19 Small Business Grant Program, originally launched in June, to include a “Round 2” funding program aimed at increasing fiscal assistance to businesses impacted by COVID-19 recover and reopen.
Round 2 opens Wednesday, Sept. 2, 2020 at 9 a.m. and will also draw on a portion of CARES Act funding allocated to the three jurisdictions. The County’s Department of Economic Development will continue administering the grant program for all jurisdictions.
The Round 2 grant is one-time financial assistance for eligible, for-profit small businesses (fewer than 50 employees) to reimburse the costs of business interruption related to certain sections of Governor Northam’s Executive Orders 53 and Executive Order 55. Round 2 grants. of up to $4,000 per business. are available for new applicants to the program. Businesses that received up to $2,000 in the first round of the program are eligible to receive up to an additional $2,000 and have been notified by the Department of Economic Development on how to request this funding.
There is a limited amount of funding for this program. Grant applications will be processed and funded on a first-come, first-served basis upon submission of a complete application and all supporting documentation.
To apply, businesses can access the application online beginning Wednesday, Sept. 2 on the COVID-19 Grant Program website. The application deadline is October 30, 2020.
For more information contact Nicole Talton, Economic Development Coordinator, 757-365-6251 or iowgrant@iwus.net.
