Grant and Loan Resources for Business Recovery

Bedford County Economic Development

Office of Economic Development


New Market Tax Credits

The Virginia Small Business Financing Authority’s New Markets Tax Credits Program is designed to help existing businesses fund the purchase of real estate occupied by their companies and/or capital equipment used in their operation. The Virginia Small Business Financing Authority serves as the conduit though which the Community Reinvestment Fund (CRF) makes New Markets Tax Credits (NMTC) loans available. CRF commitments will be issued subject to the availability of NMTC capacity and are conditional.

Please contact the Office of Economic Development at (540) 587-5670 for further information or to determine your eligibility.