Local Funding Opportunities

M-HC Economic Development Corporation's Small, Minority, & Entrepreneurial Division Marketing Co-op Grant

  • Matching grant funds allocated for the use of professional marketing services

Small Business Investment Forum (SBIF)

  • Business plan competition, created as a partnership between public and private organizations

Technology Zone Program

  • Provides local incentives to technology businesses that invest and create jobs in Henry County

City of Martinsville Loan Program

  • Low cost loan opportunity for businesses that cannot access funds through traditional lenders

Virginia Enterprise Microloan Program

  • Peer lending program and business planning workshop for entrepreneurs in M-HC.

M-HC Economic Development Corporation's Tourism & Film Division Marketing Grant

  • Matching grant funds allocated to assist local tourism industry with marketing needs.

M-HC Chamber's Partnership for Economic Growth (CPEG) Grant

  • Funds allocated for businesses to improve the façade, create jobs, or train current workforce.

Martinsville Uptown Façade

  • Martinsville Uptown provides a small matching grant to help businesses in Uptown improve their business façades.

Enterprise Zone

  • Provides state and local incentives to businesses that invest and create jobs in M-HC.

Virginia Jobs Investment Program (VJIP)

  • Helps offset recruiting and training costs incurred by companies that are either creating new jobs or implementing technological upgrades.

Virginia Workforce Center

  • Offers workforce solutions to save employers time and money including subsidized job training programs.

West Piedmont Business Development Center Microloan Program

  • Low cost loan program for incubator tenants.

Services:

  • Assistance writing business plans
  • Business expansion and recruitment assistance
  • Entrepreneurial training
  • Procurement assistance: SWaM (state) and HUBZone (federal)
  • Financing facilitation
  • Research
  • Project management
  • Referrals to other resources

For more information on any of these Local Funding Opportunities contact:

www.yesmartinsville.com

smallbusiness@yessmartinsville.com

276.403.5940

 

Small Business Resource Guide

Office of Small and Minority Business Development

The Martinsville-Henry County Economic Development Corporation's Office of Small and Minority Business Development provides a one-stop-shop approach to small business development. Free services are geared toward companies with less than 250 employees and include hands-on assistance with writing business plans, coordination of local and state incentives, preparation for financing, training opportunities, project management and government procurement. The Office of SMBD partners with resources such as the Small Business Administration and Virginia Department of Business Assistance to complement local services. FastTrac® entrepreneurial certification is also available.

Contact: 276.403.5948, www.YesMartinsville.com/SmallBusiness

Martinsville-Henry County Office of Tourism

The primary role of the Office of Tourism is to promote Martinsville and Henry County as a premier travel and tourism destination.

Contact: 276.403.5949, www.VisitMartinsville.com

West Piedmont Business Development Center

The West Piedmont Business Development Center assists emerging entrepreneurs by providing a nurturing environment for their growth and development. Affordable office and light manufacturing space, shared office equipment and services make it possible for small businesses to reduce the many costs associated with establishing and operating a business. In addition to favorable rents, common reception area, conference and training facilities, the WPBDC also offers fiber optic broadband data connectivity, phone service with voicemail, networking opportunities, mentoring services, and a micro-loan program.

Contact: 276.638.2523, www.wpbdc.org

Southside Business Technology Center

The mission of SBTC is to provide business consulting services to advance economic growth in Southside Virginia. The SBTC offers tangible business consulting services for existing and newly established businesses in the areas of business plan development, feasibility studies, finding sources of capital, market research and analysis, financial analysis, operational analysis, and mergers and acquisitions.

Contact:  www.southsidebtc.org

Martinsville-Henry County Chamber of Commerce

The Driving Force Behind a Successful Business Community.

With a troubled economy, your membership in the Martinsville-Henry County Chamber of Commerce could be the powerful, thoughtful boost your business needs to ensure your continued growth and success. As a member, you will have at your disposal discounts, numerous value-added benefits, and a committed group of people in the Chamber office working on your behalf. As soon as you join the Chamber, you will see an immediate benefit or we will refund you full annual dues!

Contact: 276.632.6401, www.martinsville.com

City of Martinsville

City of Martinsville's Community Development Department oversees zoning, benefits associated with the Enterprise Zone, and a micro-loan program.

Contact: 276.403.5169, www.Martinsville-va.gov

Martinsville Uptown Revitalization Association

The Martinsville Uptown Revitalization Association champions civic pride, economic health, and the heritage of the central business district through design assistance, façade grant, special events, promotional opportunities, farmers' market, and economic development activities.

Contact: 276.632.5688, www.MartinsvilleUptown.net

Virginia's Philpott Manufacturing Extension Partnership

Virginia's Philpott Manufacturing Extension Partnership (VPMEP) provides impact-based consulting to Virginia manufacturing, industry, and government. An affiliate of the National Institute of Standards and Technology Manufacturing Extension Program (NIST MEP), VPMEP leverages 59 partner MEP centers across the country. VPMEP designs and delivers significant process improvements and growth solutions for over 100 clients annually. Impact is delivered through Lean, Lean Six Sigma, Quality Management, Supply Chain, Engineering, and Business Growth Strategies.

Contact: 276.666.8890 ext. 224, www.vpmep.org

West Piedmont Workforce Investment Board

Your one stop for all of your employment and training needs. The WPWIB funds and monitors the area's Workforce Career center and numerous employment services and training programs for employers, jobseekers, and the youth.

Contact: 276.656.6190, www.wpwin.org

Longwood University Small Business Development Center

Longwood University Small Business Development Center provides one-on-one education, counseling, and economic research for potential and existing businesses in Henry, Franklin, and Patrick Counties and the City of Martinsville. The center is co-sponsored by the United States Small Business Administration, the Virginia Small Business Development Center Network, and Longwood University. All services provided by the center are free of charge to our clients.

Contact: 276.632.4462, www.sbdc-longwood.com

Patrick Henry Community College

Patrick Henry Community College offers 30 associate degree programs, 11 certificate programs, and 50 career studies certificate programs including entrepreneurship and small business management.

Contact: 276.638.8777, www.ph.vccs.edu

PHCC Small Business Investment Forum

Compete for cash, space, & mentoring...

The Small Business Investment Forum is a unique event that will display the very best early-stage and start-up companies form the city of Martinsville and the counties of Patrick, Henry, and Franklin.

Contact: 276.656.0281m

Virginia Department of Business Assistance

Starting a business? Try Virginia's new Business One Stop system! Access the system and receive customized business formation information at www.virginia.gov/bos/index.html

Small Business Transportation Resource Center

The Transportation Institute at the NC A&T State University's School of Business and Economics operates the South Atlantic Region Small Business Transportation Resource Center (SASBTRC). The mission of the SASBTRC is to ensure that the policies and goals of the USDOT Secretary of Transportation are developed and implemented in a fair, efficient and effective manner to serve small and disadvantaged businesses throughout the region. Services include:

  • Conducting regional and individual business assessments
  • Training
  • Technical Assistance
  • Increasing awareness of USDOT procurement opportunities
  • One-on-one counseling

Additionally, the SASBTRC provides funding resources such as the Short Term Lending Program (STLP) and the National Surety Bonding Program for those companies competing in transportation related projects.

Contact: 336.334.7745, www.transpoworks.com