Virginia’s Appalachian Regional Commission (ARC) funding fosters economic development and improves the quality of life for our Appalachian citizens. The ARC provides assistance in the long-term development of a chronically depressed multistate region, which includes 25 counties and eight independent cities in Virginia.

The Community Business Launch (CBL) assists communities in taking a systems approach to defining and pursuing their small business development strategy. The program starts with a community’s unique vision for its future and then uses a local business competition to find and foster the entrepreneurs that connect with that vision.

This CDBG program funds eligible units of local government to support business revitalization efforts to improve the economic and physical conditions within the community through job creation and facade improvements, and other business district revitalization activities.

GO Virginia is growing and diversifying Virginia’s economy through strategic regional investments by aligning resources, closing skills gaps and positioning the commonwealth to for high-wage, high-growth industries.

Opportunity Zones are a federal tax benefit available to investors with capital gains. Investors can make investments in low-income census tracts [IRC Section 45D(e)] that were nominated by the governor of Virginia and certified by the U.S. Treasury.

The commonwealth of Virginia and major stakeholders in Hampton Roads have created a regional public-private coalition, The Resilience Partnership (RP), whose purpose is to re-invent the region around a shared understanding of how to live with water, in response to on-going environmental changes.

The Virginia Main Street program is an economic and community development program offering a range of services and assistance to support the revitalization teams of historic and business districts.

The Virginia Small Business Resiliency Fund (VSBRF) was created to provide fundingto existing Community Development Financial Institutions (CDFIs) and emerging CDFIs.VSBRF seeks to build capacity in these organizations to create programs and products thatincrease access to capital and technical assistance forunderserved COVID-19 impacted businesses in the Commonwealth.