Low-Interest Business Loans & Grants

The Department of Development, in conjunction with other agencies, offers a number of low-interest loan and other financing programs designed to attract new businesses and encourage the expansion of existing businesses. Download a summary brochure (PDF) of all of our programs online.

If you have any questions, please contact Tricia Wilson via email, by phone at 757-926-8428, or by filling out this information request form.

Grant Programs

  1. E-Commerce Grant Program

    Are you a small, women and minority-owned private business that generates money through e-commerce? If so, you may be eligible for a grant.

  2. Façade Improvement Grant Program

    if you a commercial, industrial, office or mixed-used property that needs improvement, you may quality for this grant.

  3. Newport News Capital Fund Loan Program

    Learn how your business could qualify for a loan of up to $250,000 for applicable new fixed asset investment in the City.

  4. Newport News Micro Loan Program

    Learn how your small business or start-up could qualify for a loan of up to $25,000.

  5. Newport News Urban Action Grant Loan Program

    Learn how your business could qualify for a loan of up to $250,000 for creating jobs to low and moderate income families.

  6. Peninsula Revolving Loan Fund Program

    See how your business may qualify for a loan of up to $150,000 for companies in economic base industries.

  7. Tax Exempt & Taxable Industrial Revenue Bonds

    Learn more about the tax exempt and taxable industrial revenue bonds that are available from the Economic Development Authority.

  8. PACT Grant Program

    The PACT Program is a funding source administered by the Economic Development Authority (EDA) providing supporting local funding, up to $30,000, to private companies establishing new, innovative workforce development solutions in partnership with the Virginia Community College System or with any of Virginia’s public colleges and universities. This funding is intended to provide local assistance for in-kind contributions made by the Company supporting the establishment of training programs which address documented workforce needs.