Virginia Beach Department of Economic Development

Virginia Beach Department of Economic Development The official page for the City of Virginia Beach Department of Economic Development.
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The Virginia Beach Department of Economic Development is charged with expanding and diversifying the tax base and employment opportunities for the city through business development.

A Fortune 1000 IT provider announced plans to invest $5 million in new headquarters, $7.4 million to expand operations i...
06/16/2020
News Article :: Virginia Beach Department of Economic Development

A Fortune 1000 IT provider announced plans to invest $5 million in new headquarters, $7.4 million to expand operations in Virginia Beach (147 jobs) and other Virginia communities: https://www.yesvirginiabeach.com/media/pages/article.aspx?release=355

Governor Ralph Northam today announced that ASGN Incorporated (NYSE:ASGN) will invest a total of $12.4 million to move its corporate headquarters from Calabasas, California to Henrico County and grow operations across the Commonwealth, creating a total of 700 new jobs and advancing Virginia’s econ...

Truist-LISC Small Business Release Grants - Available June 11th - June 17thThanks to a $5 million grant from Truist,  an...
06/11/2020
Truist-LISC Partnership | Local Initiatives Support Corporation

Truist-LISC Small Business Release Grants - Available June 11th - June 17th
Thanks to a $5 million grant from Truist, and other partners, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. Grants of up to $10,000 each to small business owners to help meet their most immediate needs. For more information, visit this site.https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/truist/

LISC is the largest organization in the country supporting projects that revitalize struggling communities.

Pink Dinghy Restaurant Opens in Vibe District!https://www.newsbreakapp.com/n/0P9G757G?pd=025b2qOa&s=i4
05/27/2020
After two years, a car crash and a pandemic, Pink Dinghy restaurant prepares to open in Virginia Beach | News Break

Pink Dinghy Restaurant Opens in Vibe District!

https://www.newsbreakapp.com/n/0P9G757G?pd=025b2qOa&s=i4

Stephanie Dietz and Chase Pittman could be forgiven for thinking the universe had conspired against them. More than a year ago, they’d planned to open their Pink Dinghy restaurant in Virginia Beach’s Vibe district: a fast-casual restaurant and market devoted to the flavors of the Caribbean and L...

Today May 19 at 5 p.m., Round 3 applications for grants to small business will be live. Thanks to a $2.5 million grant f...
05/19/2020
LISC Small Business Relief Grants | Local Initiatives Support Corporation

Today May 19 at 5 p.m., Round 3 applications for grants to small business will be live. Thanks to a $2.5 million grant from Verizon and another $500,000 from Sam’s Club, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. We will deploy grants to help them bridge the financial gap. Grants of up to $10,000 each to small business owners to help meet their most immediate needs. https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/

LISC is the largest organization in the country supporting projects that revitalize struggling communities.

Valkyrie Enterprises, an award-winning Virginia Beach company that provides engineering and related technical services a...
05/15/2020
News Article :: Virginia Beach Department of Economic Development

Valkyrie Enterprises, an award-winning Virginia Beach company that provides engineering and related technical services and training to various commercial and governmental clients, including the Federal government and Department of Defense, announced plans to create 100 jobs over the next 36 months in the areas of project management, engineering design, and technical writing. The company plans to accommodate its anticipated growth by relocating to 66,000 sq. ft. of leased space at 2877 Guardian Lane. https://www.yesvirginiabeach.com/media/pages/article.aspx?release=350

VIRGINIA BEACH, Va. (May 15, 2020) — The Virginia Beach Development Authority (VBDA) awarded an Economic Development Investment Program (EDIP) grant to Valkyrie Enterprises, Inc.  Headquartered in Virginia Beach with locations in California, Washington, Florida and Washington, D.C., they provide ...

Opportunity During Economic Uncertainty - Presented by Virginia Beach Economic Development and Williams Mullen Join us f...
05/08/2020
Welcome! You are invited to join a webinar: Opportunity During Economic Uncertainty - Presented by Virginia Beach Economic Development and Williams Mullen. After registering, you will receive a confirmation email about joining the webinar.

Opportunity During Economic Uncertainty - Presented by Virginia Beach Economic Development and Williams Mullen
Join us for a discussion on how your business can expand your customer base by offering products and services to the federal government.
https://williamsmullen.zoom.us/webinar/register/WN_H-urkEkGTUa0di15OneW0Q

A discussion on how your business can expand your customer base by offering products and services to the federal government.

05/06/2020

Contractors and Suppliers: Sign up Now for the City’s New Online Supplier Portal

The City’s online Supplier Portal will soon become your main gateway to procurement and contract opportunities. Our new portal will offer a simple, secure way to:
• View and respond to bids
• Access purchase orders and invoices
• Track payment status
• Update company information

If your company has provided goods and services to the City or would like to do so in the future, we encourage you to complete the contact form by June 1, 2020.
The City will use this information to send you the latest updates about the portal, upcoming opportunities, payments and other accounts payable and procurement matters.https://vbforms.seamlessdocs.com/f/mwstyd4ad8uy

05/05/2020

The Coronavirus (COVID-19) pandemic that has hit the nation is creating concern for our economy here in Virginia Beach. There are national, state, and local resources available to businesses and employees. And now businesses with fewer than 250 employees, operating in the City of Virginia Beach for at least a year, can apply for EDIP grants (up to $10,000). Completed application packages are being accepted at [email protected] or in person by appointment only in our office at 4525 Main Street, Suite 700, Virginia Beach. https://www.yesvirginiabeach.com/resources/Pages/COVID-19-Resources.aspx

Virginia Beach Company, London Bridge Trading, Has Added Hi-Tech Masks To Its Production As Both A Shield and A Weapon A...
05/01/2020
Innovative virus-killing copper masks in production in Virginia Beach

Virginia Beach Company, London Bridge Trading, Has Added Hi-Tech Masks To Its Production As Both A Shield and A Weapon Against Coronavirus.

https://www.wavy.com/news/business/innovative-virus-killing-copper-masks-in-production-in-virginia-beach/amp/

VIRGINIA BEACH, Va. (WAVY) — London Bridge Trading has been making tactical gear for military, first responders and law enforcement for years at its factory near Naval Air Station Oceana. Now…

The latest from the SBA  on their PPP resources.
04/28/2020
Paycheck Protection Program

The latest from the SBA on their PPP resources.

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

04/27/2020

SBA and Treasury are implementing the following measures for the next phase of PPP loan processing:
Pacing the number of loans processed in the E-Tran system for participating lenders when processing resumes on Monday, April 27, 2020 at 10:30 am EDT;
Instituting a maximum dollar amount at 10% of PPP funding authority that any lending institution will be able to originate, exclusive of the additional $60 billion preserved for lenders with assets under $50 billion (i.e. $60 billion cap);
Implementing operational standards to ensure that lenders access PPP funds based on their asset size;
Ensuring the Paycheck Protection Program continues to operate on a first-come, first-serve basis so that every small business has access to PPP loans to sustain their business and retain their employees;
Issuing the following guidance for lenders who have received a significant amount of loan applications.

04/24/2020
www.yesvirginiabeach.com

Who will make the decision about forgiveness for the PPP loan? Is that done on a bank level?
Does the bank have to send that up to SBA for the decision?
These questions and many others are coming from accountants that are helping many people with the PPP fund usage. Check out what the experts say about the PPP loan forgiveness:https://www.yesvirginiabeach.com/resources/Documents/Covid-19/ppp-loan-forgiveness-decision-maker.pdf

Applications for the summer cohort of 1701 / Virginia Beach Department of Economic Development Entrepreneur-in-Residence...
04/23/2020
1701 Entrepreneur-in-Residence - 1701 - Virginia Beach Coworking in the ViBe District

Applications for the summer cohort of 1701 / Virginia Beach Department of Economic Development Entrepreneur-in-Residence program are live until May 1! More info and applications can be found at https://1701vb.com/1701-entrepreneur-in-residence/

1701’s Entrepreneur-in-Residence program is an effort in partnership with Virginia Beach Economic Development. Whether you’re launching a brand new business or starting a new project, 1701 offers the community and services you need to be successful. Accepted applicants earn two and a half months...

04/16/2020

An important message regarding the Paycheck Protection Program and the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances): SBA is unable to accept new applications at this time due to laps in appropriations. EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

04/16/2020

COVID-19 restaurant-focused upcoming webinars:
April 21, 2 p.m. EDT: How Your Cloud POS Can Help You Pivot - Sponsored by Heartland
April 22, 2 p.m. EDT: Real time lessons restaurants learned from Coronavirus, Hepatitis A and Norovirus - Sponsored by Gojo, the makers of Purell
April 23, 2 p.m. EDT: Motivation for Nutrition & Physical Wellness for the Foodservice Community - Sponsored by Unilever

COVID-19 Resources for our Artists, Arts Organizations and Museums community.  https://www.vbgov.com/government/departme...
04/16/2020
Resources :: VBgov.com - City of Virginia Beach

COVID-19 Resources for our Artists, Arts Organizations and Museums community. https://www.vbgov.com/government/departments/cultural-affairs/grants-and-resources/Pages/default.aspx

 COVID-19 Resources for Artists, Arts Organizations and Museums Page ContentThe following organizations are providing frequently updated news and resources for artists, arts organizations and museums affected by the COVID-19 outbreak. If you have suggestions for additional resources, please email a...

04/16/2020
www.dss.virginia.gov

Commonwealth of Virginia's child care assistance information. https://www.dss.virginia.gov/cc/covid-19-docs/Virginia%20Child%20Care%20Subsidy%20Program%20COVID-19%20FAQ.pdf

As of February, the Commissioner’s office takes online payment for business licenses costs. For other business license i...
04/14/2020
Business Taxpayers :: VBgov.com - City of Virginia Beach

As of February, the Commissioner’s office takes online payment for business licenses costs. For other business license information and questions, visit the Commissioner of the Revenue's website. https://www.vbgov.com/government/departments/commissioner-of-the-revenue/business-license/Pages/default.aspx

 Business Taxpayers ​​​​​​Revenue Agents at the commissioner's office interview all applicants applying for a business license. Tax rates are set by City Council, vary by industry type, and are classified accordingly. Business licenses expire each December 31 and are renewed annually. L...

Recently announced federal program to help small business. https://home.treasury.gov/news/press-releases/sm968
04/14/2020
Treasury and Federal Reserve Board Announce New and Expanded Lending Programs to Provide up to $2.3 Trillion in Financing | U.S. Department of the Treasury

Recently announced federal program to help small business. https://home.treasury.gov/news/press-releases/sm968

About Treasury General Information Role of the Treasury The Secretary Officials Organizational Chart Orders and Directives Offices Domestic Finance Economic Policy General Counsel International Affairs Management Tax Policy Terrorism and Financial Intelligence Inspectors General Bureaus Alcohol and....

04/06/2020

The non-profit Virginia 30 Day Fund provides forgivable immediate financial assistance for Virginia-based small businesses.

https://va30dayfund.com/

04/01/2020
www.yesvirginiabeach.com

The coronavirus pandemic is causing financial difficulties for businesses globally. In this toolkit, we share a collection of solid resources that can help local businesses navigate this difficult situation.https://www.yesvirginiabeach.com/resources/Documents/Covid-19/VB%20Toolkit%20for%20Businesses%20March%2031%202020.pdf

The Paycheck Protection Program, a critically-needed lifeline for American small businesses and workers who are adversel...
04/01/2020
Paycheck Protection Program (PPP)

The Paycheck Protection Program, a critically-needed lifeline for American small businesses and workers who are adversely affected by the outbreak of COVID-19, is expected to be up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day.
Congress intended the Paycheck Protection Program to accomplish two fundamental goals: help small businesses cover their near-term operating expenses during the worst of the crisis and provide a strong incentive for employers to retain their employees. All businesses, including non-profits, Veterans organizations, self-employed individuals, and independent contractors, with 500 or fewer employees are eligible to apply:
https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

03/27/2020
vbgov.webex.com

The City Council will hold a “Special Meeting by Electronic Communications Means” on Tuesday, March 31, 2020 at 6 p.m. to consider four items to address the COVID-19 pandemic emergency and to discuss tax relief necessitated by the pandemic. Register at https://vbgov.webex.com/vbgov/onstage/g.php?MTID=e871f2421f8196abfb20bee4e6e94208f

Register with the City Clerk’s Office by calling (757) 385-4303 or via email at [email protected] prior to 5:30 p.m. on March 31, 2020.

03/26/2020
www.yesvirginiabeach.com

Rapid response funding is now available for small businesses
Governor Northam authorized rapid response funding, through the Workforce Innovation and Opportunity Act, for employers eligible to remain open during this emergency. Funds are reserved for small businesses (250 or fewer employees) and may be used to clean facilities and support other related emergency/contingency support needs. Moreover, the grant will support layoff aversion strategies and activities designed to prevent, or minimize the duration of unemployment resulting from layoffs due to COVID-19.https://www.yesvirginiabeach.com/resources/Documents/Covid-19/COVID-19%20RR%20Announcement.pdf

Virginia Beach Take-out Options:Many of our restaurants are currently limited to only offering takeout orders or deliver...
03/26/2020
Take-Out Options

Virginia Beach Take-out Options:
Many of our restaurants are currently limited to only offering takeout orders or delivery through services such as Uber Eats and Grubhub. You can still support many of these establishments by getting your food to-go.
https://www.visitvirginiabeach.com/taste/restaurants/take-out-options/?skip=0&sort=qualityScore&subcatids=519

As we navigate the COVID-19 situation, many of our restaurants are currently limited to offering takeout orders. While we are unable to enjoy a meal at some of our favorite spots around town, we can still support many of these local establishments by getting our food to-go while fully minimizi...

03/25/2020

Congressional leaders and the White House reached an agreement early Wednesday on a massive $2 trillion coronavirus spending bill aimed at alleviating the economic impact of the outbreak.The bill is expected to include roughly $100 billion in assistance for hospitals; $350 billion in assistance to small businesses; $500 billion in aid for corporations, and about $150 billion for state and local stimulus funds. It would also include direct cash payments to Americans.

Address

4525 Main Street, Suite 700
Virginia Beach, VA
23462

General information

City of Virginia Beach Page on Facebook - Terms of Use by City of Virginia Beach on Friday, April 15, 2010 Purpose of City of Virginia Beach Page: • To provide local citizens with information about government programs, events and services. • To provide a platform for local citizens to share thoughts, opinions and suggestions about topics affecting the City of Virginia Beach. Criteria for Posting Information on City of Virginia Beach Page: By posting on the City of Virginia Beach page, you acknowledge that you have read and agree to the following Terms of Use. Fans of the City of Virginia Beach are encouraged to post information about issues affecting the city and its residents. We encourage discussion and varying viewpoints; however, the City of Virginia Beach page will not feature any of the following and reserves the right to delete posts/pictures/videos that include such items. • Solicitations or advertisements of any kind that are not officially sponsored or endorsed by the City of Virginia Beach • Nudity or pornography • Profanity or vulgar language • Personal attacks or threats against any person or group; libelous, harassing or abusive statements • Posting someone else’s personal information such as home address or phone number without their written consent • Establishments where the distribution or sale of alcoholic beverages is a primary business function • Activities restricted to adults • Tobacco and tobacco products • Firearms or other weapons • Hostility or violence toward any individual or group, including personal insults, libel, defamation of character • Attacks on ethnic, racial, gender or religious groups • Illegal discrimination against any group • Illegal or inappropriate use of firearms or drugs, or any illegal activity • Sexual overtone or innuendo • Posts by persons who are impersonating city officials or using false identities • Information harmful to children or is of a nature to frighten children, either emotionally or physically • Cruelty to animals • Online casino gaming, gambling or betting • Information affiliated with or promoting political campaigns In summary, please feel free to post your thoughts and opinions, whether positive, negative or indifferent, but please do it respectfully and without malice. If you use hateful, obscene or insulting language or launch personal attacks, we will delete your post. The City of Virginia Beach reserves the right to block users who repeatedly violate our terms of use.

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Telephone

(757) 385-6464

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