Business Resources:
Small Business Development Center
The Laurel Ridge Small Business Development Center offers free counseling and advice for those looking to start a business or seeking assistance for an existing business. Everything from reviewing your business plan, analyzing your finances or seeking potential funding sources to tips on websites, marketing and more.
Below is a list of upcoming webinars and trainings offered by the SBDC:
Your Business – Credit Worthy? – 7/6/23
Accounting Systems 101 – 8/1/23
Click on the title to register or learn more.
Click Here to bookmark the most up-to-date list of free webinars AND to watch recorded webinars.
Shenandoah Community Capital Fund
The Shenandoah Community Capital Fund (SCCF) offers support and resources for entrepreneurs ranging from financing to networking. The offer a variety of programs and workshops as well throughout the year to grow your business, start a new one or simply connect to other business owners in the Shenandoah Valley.
Virginia Department of Safety and Health (VOSH) has released a new Final Permanent Standard for Infectious Prevention. There are several updates and changes from the temporary Standards businesses were asked to previously enact. More information can be found at VOSH Requirements
Financial Resources:
Virginia Small Business Financing Authority
https://www.sbsd.virginia.gov/virginia-small-business-financing-authority/
- Economic Development Loan Fund
- Private Activity Bonds
- Loan Guaranty Program
- Capital Access Programs
- Child Care Financing Program
- Financing Assistance for Minority-owned Businesses
U.S. Small Business Administration
- 7(a) Loan Program
- SBAExpress
- CommunityExpress Pilot Loan Program
- Microloan Program
- Export Trade Financing
- Certified Development Company Loans
Click here for a list of SBA lenders serving Virginia businesses
Industrial Development Authority of Shenandoah County
- Private Activity Bonds
- RBEG Small Business Loans
- $5,000-$99,000 available to small businesses located or operating in Shenandoah County
- Must have less than 50 employees and generate less than $1 million in annual revenues to qualify.
For more information on programs available through the Industrial Development Authority contact Jenna French, Director of Tourism & Economic Development at
jfrench@shenandoahcountyva.us
540-459-1822
Tourism Development Zones
Incentives may be offered to tourism-related businesses locating or expanding in the county. Businesses such as retail, dining, lodging, culture & arts, entertainment, and experiential services can qualify for a reduction of personal property tax, real estate tax and/or Transient Occupancy Tax for up to 5 years based off of investment and revenues generated over that same time period. Other incentives include the potential for free chamber membership for 1 year and a free ad in the Shenandoah County Visitor Guide. The extent of incentives offered by the County is dependent upon the capital investment to the property, number of jobs created, and current product offering versus identified gaps in our business community.
Applicant must have a minimum $15,000 capital investment* over 3 years to be applicable for consideration.
People Incorporated
Business Development Manager
www.peopleinc.net
540-459-9096
150 South Main St.
Woodstock, VA 22664
Twitter: @ValleyBizGrowth
Facebook: Facebook.com/PeopleIncorporatedof Virginia
Shenandoah Valley Angel Investors
Shenandoah Valley Angel Investors (SVAI) is a network of private investors that help fund entrepreneurial enterprises located in our communities. SVAI’s founding members have broad experience, spanning multiple market sectors, including: Manufacturing, Healthcare, Construction, Public Accounting, Outdoor Recreation, Legal, Senior Assisted Living, Insurance, Distribution and Logistics, Agriculture, Commercial Real Estate, Property Management, Government and Technology.