BUCHANAN, Va. (WFXR) — Gov. Ralph Northam was in the Buchanan to announce the recipients of a state grant that supports entrepreneurial training and development.
The towns of Buchanan, Culpeper, Giles County and the Industrial Development Authority of the City of Norton were each awarded $45,000.
The funds will be used for entrepreneurial training and the implementation of business plan competitions “that align with local and regional economic development strategies, primarily in Virginia’s downtown commercial districts,” said the governor’s office.
“This initiative recognizes the importance of small business in our communities and combines funding with educational training to help prepare budding entrepreneurs to run successful businesses in their home communities,” said Governor Northam.
These grants have been awarded since 2014 and have generated more than $2.25 million in private investment and the creation of more than 230 new full-time jobs, said the governor’s office.
The funds are part of the Community Business Launch (CBL) grants, which is supported by the Virginia Department of Housing and Community Development.