Economic Injury Disaster Loans – Are Virginia Small Companies Eligible? YES What is it? The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). EIDL loans are 30 year…
The Virginia Initiative for Growth and Opportunity (GO Virginia) was initiated by the Virginia Business Higher Education Council (VBHEC) and the Council on Virginia’s Future to foster private-sector growth and job creation through state incentives for regional collaboration by business, education, and government. Recognizing the harsh effect of deep federal…
FOR IMMEDIATE RELEASE – December 17, 2018 Warsaw, VA —The U.S. Navy has awarded spots on a potential ten-year, $50 billion contract to 1,870 businesses for project management and engineering-support services. Three Northern Neck companies were awarded contracts in this announcement: MTEQ in Kilmarnock; Digital Dynamics, LLC, in Kilmarnock; and…
Craft breweries are beginning to attract the attention of economic developers in the Northern Neck of Virginia. They are part of a vibrant industry of dedicated entrepreneurs who go beyond the business model of attracting customers just to buy drinks. “They are becoming part of the fabric of many communities,”…
The Federal Tax Cuts and Jobs Act of 2017 included provisions for a new revitalization tool, the Opportunity Zone and Opportunity Fund. The designated zones and funds allow investors to receive tax benefits on currently unrealized capital gains that are invested through Opportunity Funds in eligible census tracts designated as…
Throughout the Northern Neck and coastal plain, homes and businesses are experiencing increased erosion from winds, waves, currents, tides and recreational activities making homes and businesses more vulnerable. To minimize long-term damage, an updated Shoreline Management Handbook is available from the Virginia Coastal Policy Center (VCPC), the Center for Coastal Resources…
The premise of flood-hazard mitigation is this: Spend federal funds now to remove the risk of flooding, and the federal government will save money in the long term because the mitigated property will generate no flood-damage insurance claims in the future. This is because flood insurance is provided not by…
The Northern Neck Chesapeake Bay Public Access Authority (NNCBPAA) was created to identify land, held privately or owned by the Commonwealth of Virginia, that can be secured or purchased for use by the general public as a public access site. With already acquired lands, the Authority determines the appropriate public-use…
The Assign-a-Highway Program assigns non-violent probationers to pick litter on various state-maintained Northern Neck roads. Probationers can thus fulfill their community-service obligations. District courts in Lancaster, Northumberland, Richmond, and Westmoreland Counties participate in the program, which was created in January 2007. For more information, call Ben Lewis, Litter Control Coordinator, at…
