The program will launch a ten-week program for six cohorts over two years, serving 120 businesses across Region 6. Each cohort will focus on specific industries or demographic groups that require tailored support, such as minority-owned businesses, tech startups, or companies in the manufacturing sector. This project is a continuation of a previously successful planning grant. Metrics to be achieved from the project include:

  1. 120 Businesses Served
  2. 60 Businesses Expanded
  3. 10 new Businesses Created (Exclusive of the 120 businesses served)
  4. 40 Jobs Created (FTE jobs count as 1 job and part-time counts as ½ job)
  5. 30 New Mentors Providing Business Assistance
  6. $400,000 of total capital raised by businesses served
  • Statewide Project Theme:  Startup Ecosystem
  • Region 6 Priority Industry Cluster: Agriculture/Controlled Environment Agriculture; Distribution and Logistics; Manufacturing; and Professional, Scientific and Technical Services
  • GO Virginia Request: $300,000.00
  • Match: $155,500
  • Source of Match: Stafford Economic Development, Spotsylvania County Economic Development, Fredericksburg Regional Alliance, Virginia Black Chamber of Commerce, Roseanne Thompson, City of Fredericksburg
  • Project Type: Implementation