Small Business Events & Outreach
Staff continued to market the e-Commerce grant program for website development for small businesses. Seven businesses were approved for grant funding during the year and four businesses received disbursements totaling $11,787.
The Authority facilitated approval and funding of a loan for Tradition Brewing Company and approval and funding of a loan for Schooner’s Grill. These loans were funded from Newport News Capital Fund companion loan programs and provided funds to assist with equipment, furniture and fixtures.
Staff provided citizens and businesses around the community with business technical assistance and financing program awareness through regular participation in merchants’ association meetings, Town Hall meetings, Peninsula Chamber of Commerce events, Small Business Development Center workshops and presentations to financial services professionals.