The Small Business Resiliency Team (SBRT), consisting of Harrisonburg Economic Development, Frederick County Economic Development, Shenandoah Valley Small Business Development Center, and Lord Fairfax Small Business Development Center, was one of 13 projects recently awarded $10.2 million in Growth and Opportunity for Virginia (GO Virginia) grant funding.
The projects are part of GO Virginia’s Economic Resilience and Recovery Program, an initiative focused on expanding talent pipelines in key industries, strengthening entrepreneurial ecosystems, and developing business-ready sites while supporting regional economic growth through localities, public entities, and private businesses. Awarded projects will also receive an additional $14.1 million in local and non-state resources.
“GO Virginia is a critical tool for spurring innovation and inspiring regional collaboration for economic growth in the private, public and nonprofit sectors,” said Governor Glenn Youngkin. “These projects will allow us to expand Virginia’s workforce development opportunities, strengthen our talent pipelines, and continue building a Commonwealth that works for all Virginians.”
Region 8: Counties of Augusta, Clarke, Frederick, Highland, Page, Rockbridge, Rockingham, Shenandoah and Warren, and the cities of Buena Vista, Harrisonburg and Winchester
The Small Business Resiliency Team (SBRT), consisting of Harrisonburg Economic Development, Frederick County Economic Development, Shenandoah Valley Small Business Development Center and Lord Fairfax Small Business Development Center, will enable Business Resiliency Navigators to work with the small business community and assist in the specific areas of e-commerce, finance and operational systems. This project will help participating businesses focused on successful growth strategies by providing resources, workforce training and marketing assistance.
“These innovative projects will allow partners to retain talent in their region, develop their existing workforce, and expand upon key industries while diversifying unique regional economies throughout the Commonwealth,” said Secretary of Commerce and Trade Caren Merrick. “GO Virginia provides crucial funding to achieve long-term economic growth and enables localities across Virginia to have the tools they need to thrive.”
Since the program’s inception in 2017, GO Virginia has funded 229 projects and awarded approximately $92.5 million to support regional economic development efforts.
To learn more about the GO Virginia program, visit dhcd.virginia.gov/gova.
To read the full news release, visit HERE.