The Fredericksburg Economic Development Authority (EDA) has the authority to provide financial grants or incentives to assist new and existing businesses in the City of Fredericksburg in order to foster and stimulate economic development. The EDA’s JumpStart! Plan outlines the specific types of development that would best serve the City’s economic prosperity, and the EDA has established criteria for its grants that focus specifically on these JumpStart! recommendations. The funding for these grants is limited and eligible applicants must meet the criteria. Grant funding is divided into the following four categories:
Non-Profit Grant The EDA seeks to assist local non-profit organizations or governmental entities that undertake projects aimed at significantly improving the economic vitality of the City. Quality of life and community attractiveness are recognized components of this economic vitality trait. Maximum grant amount for a project is $5,000. The criteria for these awards are as follows:
Event Sponsorship Grant The EDA seeks to assist local events that enhance economic development and the quality of life for citizens. Maximum sponsorship grant amount for an event is $3,000. The criteria for these awards are as follows:
For-Profit Entity The EDA seeks to assist new and existing businesses in the City of Fredericksburg. Grants can be given for façade improvements, enhancement of the exterior of existing businesses or development or expansion of a business that will create new jobs and/or revenue. Projects and improvements funded by EDA grants are intended to be highly visible to the public. Grants are not given for the purposes of purchasing furnishings or equipment, making repairs or upkeep to the interior of buildings, nor for upkeep or repair to buildings leased short-term by a business.
The criteria for these awards are as follows:
JumpstArt! Grant To encourage quality of life in Fredericksburg through the promotion of the cultural arts, a target of 20% of annual grant funds will be designated to support the arts. The criteria for these awards are as follows:
All grant applications must be received by the City’s Department of Economic Development and Tourism located at 706 Caroline Street by March 1, June 1, September 1 and December 1. Please note that the EDA reviews grant requests in April, July, October and January. All final determinations will be made by the EDA Board and applicants will be notified in writing of the Board’s decision.
Should you have any questions, please contact:
Amy Peregoy, Economic Development Specialist Department of Economic Development and Tourism
706 Caroline Street, Fredericksburg, Virginia 22401 540.372.1216 Email Ms. Peregoy
© City Of Fredericksburg, VA
706 Caroline Street, Fredericksburg, VA 22401
540.372.1216 | 800.260.3646