Grant and Loan Resources for Business Recovery

Bedford County Economic Development

Office of Economic Development


Recent News

Local, State and National COVID-19 Resources for Business

March 17, 2020

For immediate release from the Bedford County Office of Economic Development:

March 17, 2020 – We along with many of our colleagues are trying to best communicate the resources available to the businesses in our community during this time of national crisis.

The Governor of Virginia, along with the Small Business Administration (SBA), the Lynchburg Regional Business Alliance, the Bedford Area Chamber of Commerce and others have all released statements and/or resources available to local businesses. The following contains pertinent information and resources we complied from these sources.

Governor Northam
Earlier today, Governor Northam announced new measures to combat COVID-19 and support impacted Virginians. He is calling for limiting gatherings to 10-persons and under, quarantines for high-risk individuals and support for workers and employers. Other government operations including the Courts and DMV are closing to the public for the near term. Read the full news release here.

Small Business Administration
SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

As of now, Virginia is not included in the SBA’s Disaster Assistance Program. But this may change in the coming days as Governor Northam works with the SBA to submit the requisite emergency declaration to make funds available to the Commonwealth. For more information, visit here.

Virginia Department of Small Business and Supplier Diversity
Please take this survey by this Friday, March 20 on the impact of COVID-19 on Small Businesses. The input and response from small businesses throughout the Commonwealth is critical for us to have enough data to meet federal requirements which will allow access to disaster loan funds at the federal level.

Other state and national resources include:
Tax Watch: House passes bill to provide coronavirus relief; Senate expected to act this week

Lynchburg Regional Business Alliance
Wednesday, March 18 at 11 a.m. the Alliance will hold a special webinar with leaders in the Lynchburg region to discuss the impact of COVID-19 from an economic perspective.

Join them on Zoom for this discussion and Q&A through this link at 11 a.m. on Wednesday. Or tune in over Facebook Live on the Alliance page.

Small Business Development Center
Thursday, March 19 at 12:15 p.m. the SBDC will host a Webinar: Managing a Remote Workforce

Bedford Area Chamber of Commerce
The Bedford Area Chamber is collecting information to share with community members regarding adjustments that your business or organization is making during the coming weeks. Please let them know of any changes to your hours of operation or services provided. If you can take a moment to fill out this survey, it will assist them in updating the public. The information you provide will be compiled and added to the Chamber’s website as needed. If you have any questions, concerns, or comments please email Take the survey here.

Smith Mountain Lake Chamber of Commerce
The Smith Mountain Lake Chamber launched this page as a resource for during this critical time: They remain in constant communications daily with their membership and community as a whole.