Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Dominion Energy, Altria commit grant funding for small businesses

Dominion Energy, Altria commit grant funding for small businesses

Altria pledges $675K for Richmond-area nonprofits, while Dominion pledges $600K to RVA, Hampton Roads businesses

Published August 27, 2020 by Kate Andrews

Updated 2:30 p.m. Aug. 27

Two Virginia corporate giants announced details Thursday on funding for small businesses in Richmond and Hampton Roads affected by protest-related damage and ongoing coronavirus hardships.

Altria Group Inc., based in Henrico County, and Richmond-based Dominion Energy Inc. pledged $5 million each for small businesses and social justice organizations in June, following the start of national protests against police violence and institutional racism.

Dominion Energy Inc. announced Thursday it has committed $600,000 to a community initiative to assist small businesses in Richmond and Hampton Roads, and Altria will provide $675,000 to four Richmond-area nonprofit organizations that will assist Richmond-area businesses.

Dominion is committing $600,000 to the We Care Rebuild Project — led by community organizations, including the Metropolitan Business League, Chamber RVA, Urban League of Hampton Roads and others — that will provide grants ranging from $2,500 to $10,000 to small businesses owned by women and/or minorities. The Richmond program will open for applications Sept. 21 through Oct. 5, with a second application period expected later in the year, and the Hampton Roads application period will open Oct. 1. Information for the Hampton Roads program will be available soon at the Urban League’s site.

Altria, meanwhile, is contributing $350,000 to the Richmond-area fund, overseen by the Metropolitan Business League. It will support businesses recovering from protest-related damages and economic effects of COVID-19, with a focus on Black-owned businesses, according to the company. It also will provide $150,000 to LISC for grants and technical assistance for micro-businesses in the Richmond region, $150,000 for Virginia Community Capital to help small, diverse businesses with loan relief, interest forgiveness and other capital access opportunities, and $25,000 for BLK RVA, a Richmond Tourism initiative to assist and elevate Black-owned “Main Street” businesses.

The We Care grants will support graffiti removal and cleanup, emergency funding and business coaching, with corporate sponsors Capital One joining Altria and Dominion, and support from the Community Foundation for a greater Richmond, the Robins Foundation, Venture Richmond and Local Initiatives Support Corp. (LISC) Virginia. LISC Hampton Roads, Virginia Community Capital and Black BRAND will support the Hampton Roads program.

Dominion said in a news release that it plans to announce similar initiatives for small businesses in Ohio and South Carolina soon.

Downtown Richmond has seen nearly nightly protests since early June, following the death of George Floyd at the hands of a Minneapolis police officer, who has been charged with second-degree murder. Some businesses were damaged, with smashed windows and graffiti tags. Hampton Roads localities, including Portsmouth and Virginia Beach, also have seen protests for racial justice this summer.

Richmond Mayor Levar Stoney announced earlier this month that he would pursue a $500,000 grant program for Richmond businesses harmed during protests, with one-time grants up to $10,000 to cover costs for damage to windows and removal of graffiti. On Aug. 10, the Richmond City Council approved the program. Applications will be open Sept. 1-30.

 

Subscribe to Virginia Business.

Get our daily e-newsletter.

Related Stories

Virginia Business logo

Colliers International names three new principals

Norfolk-based commercial real estate firm adds three part owners.

Virginia Business logo

Va. to expand networking program to new regions

Network2Work coming to Shenandoah, Hampton Roads, Richmond

Virginia Business logo

Dominion files construction, operations plan for $7.8B offshore wind farm

Project off Va. Beach coast would eventually provide energy for 660K homes

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

Fort Monroe development moving forward

Danville lacks housing options for workforce

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

Fort Monroe development moving forward

Danville lacks housing options for workforce

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk