With this Deep Dive series coming to an end, and a dive into what projects may look like, how do applicants apply for funding?
First, GO Virginia funding seeks to grow jobs that pay higher than the regional median wage ($22/hour or $44,058 annually), and attracts new investment, especially new to Virginia.
Proposed projects should benefit an industry or region as a whole, rather than a single business entity. Projects should emphasize traded sectors and demonstrate an ongoing, region-wide demand for the project or program. Projects also are required to demonstrate strong local match and meaningful local participation and leadership.
GO Virginia allows projects in statewide clusters of:
- Entrepreneurial Activities
- Regional Site Development
- Workforce Development
With a focus on job creation in:
- Aquaculture / Seafood / Commercial Fishing / Marine Industries
- Forestry / Wood Products / Paper
- Manufacturing
- Logistics / Distribution
- Information / Data Centers
- Professional, Scientific and Technical Services
That…
- Create Higher Paying Jobs
- Collaboration between two or more localities
- Create Out of State Revenue
Proposed projects should benefit an industry or region as a whole, rather than a single business entity. Projects should emphasize traded sectors and demonstrate an ongoing, region-wide demand for the project or program. Projects also are required to demonstrate strong local match and meaningful local participation and leadership.
GO Virginia offers two project types:
- Enhanced Capacity Building ($100,000 maximum, 1:1 match, no local match requirement)
- Planning Grants i.e. Feasibility Studies, Pre-Development Activities, Plans, and Capacity Building Activities
- Implementation (no maximum, 1:1 match, of which 20% or $50,000 (whichever is greater) must be from local governments)
To Apply, schedule a meeting with Jennifer Morgan, morgan@gwregion.org to discuss your idea and next steps.
