• +1 (757) 664-4338

 

There are  5 Capital Access Products


Are you in the Starting Stages?

  • Micro Grant

  • Norfolk EDA Small Business Grant


Having significant Growth and Hiring Employees?

  • Reimbursable Grant


Does your Building need a Face-lift?

  • Façade Grant


Looking for Alternative Financing?

  • Norfolk Revolving Loan Fund (Starting July 1)


 

Grant Products

  • Micro Grant

    • Funding Source: CDBG
    • Grant Amount: $1,500- $10,000
    • Years in Business: 0-2 years
    • Must have no more than 5 employees
    • Must have completed approved Technical Assistance Program, when applicable
    • Business Owners must be Low to Moderate Income (LMI) at the time of application or service a Low to Moderate Income (LMI) area
    • Allowable Purchases: Include but are not limited to: marketing and advertising; inventory; materials; equipment; operating licenses; permitting and fees; etc.
    • Ineligible Purchases: Real estate based transactions

  • Norfolk Economic Development Authority Small Business Grant

    • Funding Source: EDA 
    • Grant Amount: $1,500- $10,000
    • Years in Business: 0-4 years
    • Must have no more than 25 employees
    • Allowable Purchases: Include but are not limited to: marketing and advertising; inventory; materials; equipment; operating licenses; permitting and fees; real estate based transactions; etc.

  • Reimbursable Grant

    • Funding Source: CDBG 
    • Grant Amount: $35,000+
    • Years in Business: Preferably 2 or more with documented sales and hiring experience
    • Business must hire 1 full time LMI Norfolk Resident
    • Allowable Purchases:  Include but are not limited to: marketing and advertising; inventory; materials; equipment; training
    • Business preferably will have current employees 

  • Façade Grant

    • Funding Source: CDBG
    • Grant Amount: 50% of the project up to a maximum grant of $10,000 
    • Years in Business: No minimum
    • Business or Project must be located in a Low to Moderate Income (LMI) area 
    • Allowable Improvements: Include but are not limited to: repair, replacement or installation of new awnings, signage, windows, doors, and/or permanent landscaping, and other approved improvements  
    • Ineligible Businesses: Include but are not limited to: National franchises, check cashiers, pay-day lenders, home based businesses, Religious Organizations, Political Organizations, structures not facing the public right-of-way and Not for use of general government conduct

Loan Product

  • Norfolk Revolving Loan Fund

    • Funding Source: Federal EDA
    • Administrator: VCC
    • Loan Amount: $10,000 - $50,000+
    • Years in Business: 3-6+ years
    • Must have no more than 25 employees
    • Allowable Purchases: Include but are not limited to: inventory; materials; equipment; working capital; debt refinancing; real estate; etc.

 

Important Info

 

For Questions or General Inquiries

  • Administrator Email:
  • Assistant Email:
  • Phone: 757-664-4338
  • Administrator: Sean Washington
  • Assistant: Darielle Williams

Norfolk Department of Economic Development Mission

Generate wealth for the City of Norfolk through business expansion, enhancement, and new business development complementary to our neighborhoods.

Contact Info

(757) 664-4338
999 Waterside Drive
Suite 2430
Norfolk, VA 23510

Staff Details

Jared Chalk
Interim Economic Development Director 

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