Grant · Economic Development
TRRC/VSBFA Lending Partnership Program
Virginia Tobacco Region Revitalization Commissionrevitalizeva.org (opens in a new tab)Catalog updated
- Amount
- $20,000,000
- Program type
- Grant
- Field
- Economic Development
- Eligible career stages
- Not listed
About this program
The Virginia Tobacco Region Revitalization Commission, in partnership with the Virginia Small Business Financing Authority, plans to deploy up to $20 million in loans to support economic development and job creation in Southern and Southwest Virginia’s Tobacco Region. Financing may support economic development organizations, agribusiness, drone technology, maritime and shipbuilding supply-chain businesses, and energy projects. Eligible applicants include creditworthy businesses and economic development organizations operating in or benefiting the Tobacco Region, particularly those addressing capital gaps where commercial lending is not readily available. VSBFA staff conduct credit analysis and underwriting, and applicants should contact Commission staff for more information.
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