December 15, 2020
In Northern Virginia, like much of the nation, Black-owned businesses are being negatively impacted by the COVID-19 pandemic. One report found 41% of Black-owned businesses have been forced to close due to COVID-19 compared to just 17% of white-owned businesses. All of this while Black-owned businesses face long-term, racial disparities that severely restrict business ownership, growth, and access to investment capital.
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As part of our Build Back – Dream Forward: COVID-19 Response Fund Event Series, the Community Foundation for Northern Virginia, along with the Northern Virginia Black Chamber of Commerce hosted
Business NOT as Usual: We Need More Capital, More Loans, More Equity for Black-Owned Businesses webinar Thursday, December 3, 2020, to examine strategies for advancing a more inclusive economic recovery. Keynote Speaker Andre M. Perry, Fellow at the Brookings Institution s Metropolitan Policy Program shared new analysis on Black business owner
The Pandemic Hasn’t Stopped the Building Boom In Tysons The Boro, with the residential buildings in the background and Boro Park in the foreground.
This year has been a tough one for commercial real estate developments. From New York to California, projects have been stalled as developers grapple with everything from worker safety to uncertainty surrounding the future of the market. But in one Virginia community, development continues to soar.
Despite the coronavirus pandemic, developers in Tysons, Virginia, have moved forward with their plans for massive mixed-use projects. The Fairfax County government has ambitious goals to transform Tysons into a more “walkable, sustainable urban center” that will be able to meet the needs of 100,000 residents and 200,000 employees by the year 2050 a major undertaking considering that the current population of Tysons is around 23,700.
December 14, 2020 at 1:15pm
Fairfax County’s relief fund for small businesses and nonprofits affected by the COVID-19 pandemic has come to an end, the county announced on Dec. 11.
Established by the Fairfax County Board of Supervisors in May, the Fairfax Relief Initiative to Support Employers (RISE) assisted 4,809 local businesses and nonprofits by awarding $52.57 million in grants.
According to the county, RISE received 6,280 total requests for aid during the application period from June 8 through June 15. 95% of the grants went to local businesses, while the remaining 5% supported nonprofits.
More than 72% of the grant recipients identified as organizations owned by women, minorities, and/or veterans. That surpasses the county’s goal of allocating at least one-third of the available funds to businesses owned by those historically disadvantaged groups, which account for a third of the jobs in Fairfax County.