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PHONE:  (540) 375-3007|HOURS:  M-F 8am-5pm |E-MAIL:  econdev@salemva.gov
LOCATION: City Hall, 114 North Broad Street, Salem, VA 24153

Economic Development

PHONE:  (540) 375-3007|HOURS:  M-F 8am-5pm |E-MAIL:  econdev@salemva.gov
LOCATION: City Hall, 114 North Broad Street, Salem, VA 24153

$500,000 COVID-19 Grant Program Established

In our continuing efforts to assist businesses grappling with the financial impact of COVID-19, the City of Salem Economic Development Authority (EDA), has established a $500,000 Grant Fund. One-time grants of up to $5,000 are intended to support small businesses in their recovery from the impacts of the pandemic.

FUNDING SOURCE
The U.S. Treasury guidance allows states to use Coronavirus Relief Fund (CRF) dollars for expenditures “related to the provision of grants to small businesses to reimburse the costs of business interruption caused by required closure.” The Commonwealth of Virginia has elected to disperse a portion of its allocation to local governments. Salem City Council has elected to use part of its allocation to help preserve small business throughout Salem by providing grants to eligible businesses.

ELIGIBLE GRANT USES
Grant funds must be expended in compliance with state and federal law. Funds may be used to reimburse the cost of business interruption caused by required closures, which may include:

  • Operations (i.e., payroll, rent, supplies, working capital, insurance, etc.)
  • Pivot to respond to new market conditions (i.e., develop or expand online sales/e-commerce, delivery or take out; develop new product line, etc.)
  • Equipment and inventory purchases
  • Rent or mortgage expenses
  • Deep cleaning services, PPE, protective barriers, etc.
  • Other critical operating expenses

APPLYING:
CLICK HERE to download the EDA COVID-19 Disaster Assistance Grant Fund Application. This downloadable and fillable PDF file can be saved and submitted by email to econdev@salemva.gov or a printed copy can be submitted at City Hall inside the Utility Drop Box on College Alley.

For More Information contact Salem Economic Development at econdev@salemva.gov or at 540-375-3007

 

COVID-19 Resources for Business Leaders in the Roanoke Region

Doing Business In Salem

The Department is charged with the responsibility of assisting in the improvement of Salem's natural and built environments. This is achieved through the Department's involvement in most major public and private development projects during the City's development review processes, long-range planning, and economic development activities.

Director - Melinda J. Payne
E-mail: mpayne@salemva.gov

 

What's New in Salem

9

Jul

2020

$500,000 COVID-19 Grant Program Established

Salem Economic Development Authority establishes $500,000 grant fund.

17

Mar

2020

Small Businesses Encouraged to Take Survey

The COVID-19 pandemic is creating concern from our small businesses in the region. Below you will find a brief survey that will allow the SBSD to collect data on the impact COVID-19 is having on business revenue and employment in Virginia.

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