HomeMy Public PortalAboutTOL NR 2020-06-30 Small Business Relief Grant Program
Town of Leesburg
News Release
For Immediate Release
June 30, 2020
Media Contact:
Leah Kosin, Assistant Public Information Officer
lkosin@leesburgva.gov 703-771-2781
Leesburg Town Council Approves COVID-19 Small Business
Relief Fund
Leesburg, VA (June 30, 2020) – On Tuesday, June 9 the Leesburg Town Council approved the
Leesburg Business Infusion (LBI) grant fund. The Town of Leesburg recognizes that the COVID -
19 pandemic has caused economic hardship for many small businesses.
The focus of the Leesburg Business Infusion Grant Program is to provide those local businesses
currently facing the greatest financial hardship due to the COVID-19 crisis, with an economic
boost. A total of $3,025,000, provided through the CARES Act, has been dedicated to fund a
Leesburg Business Infusion.
The LBI offers two funding tiers:
Businesses with 2019 annual gross revenue between $25,000 and $100,000 are eligible
to apply for a $2,500 grant, with approximately 200 grants available.
Businesses with 2019 annual gross revenue between $100,001 and $1,000,000 are
eligible to apply for a $5,000 grant, with approximately 505 grants available.
In order to be eligible, businesses must meet a number of criteria, including operating in the
Town of Leesburg before March 1, 2020, in good standing on all tax payment s and related
business licenses. A full list can be found at https://www.leesburgva.gov/CARESgrants.
Grants may generally be used for working capital to support payroll expenses, rent, mortgage
payments, utility expenses, or other similar expenses that occur in the ordinary course of
business, but cannot be used to replace lost revenue.
Eligible businesses can submit an online application starting at 12:00AM on Monday, July 6,
2020 at https://www.leesburgva.gov/CARESgrants. The application portal will remain opened
until 11:59 p.m. on Monday, July 13, 2020.
Further information will be available in the near future about grants available for organizations
in the nonprofit community that were impacted by COVID 19. Anyone with questions should
call ?
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