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$202,600 in Building Entrepreneurial Economies in Virginia

Staff Writer |
Governor Terry McAuliffe announced nearly $202,600 in Building Entrepreneurial Economies (BEE) grant awards for eight projects in the Commonwealth.

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The BEE grant program provides funding to local governments and nonprofit organizations for entrepreneurship programs aligned with local and regional economic development strategies, primarily in distressed communities and populations.

BEE offers several types of grants, including implementation and planning.

The implementation grants are awards up to $40,000 for projects that expand coverage for small business support services or implement innovative ideas that have already been funded and field tested through the BEE planning grant program.

Planning grants are awards of up to $15,000 to research, develop and plan for a potential project.

Fourteen applications totaling more than $366,000 in funding were received.

Projects were reviewed and evaluated competitively, with an emphasis on those with innovative efforts to encourage entrepreneurship, alignment with regional or local strategies and the availability of matching resources.

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