printer friendly page
Jun 13, 2012


Local Funding Opportunities to Be Highlighted


MARTINSVILLE, VA - June 12, 2012 - The City of Martinsville has partnered with the Martinsville-Henry County Economic Development Corporation (MHC EDC) to offer a Funding Opportunities Workshop for local small businesses and entrepreneurs. The event will be held on Wednesday, June 27th from 12PM to 2PM at the New College Institute (30 Franklin Street, Martinsville).


The workshop will cover several funding topics including:

•·          Community Development Block Grant's Revolving Loan Program - The City of Martinsville has budgeted $75,000 in loan funding from the Virginia Department of Housing and Community Development. The loan applies to current or prospective property owners in the area bounded to the south by West Main Street; to the west by Moss Street; to the North by the edge of a Fayette Street parking lot as well as the convergence of Jones and Franklin Streets; and to the east by Franklin Street.

•·          Marketing Co-op Grant Programs - Local for-profit small businesses (20 or less employees) or tourism-related businesses can apply for a 50% match (up to $1,200) for marketing services or materials. This grant is being offered through the MHC EDC.

•·          Financing Advice - Get tips for applying to financial institutions, expectations from a lender's perspective, and update on the lending climate.

•·          Resources Networking - Various local banks and other resources will be on hand to network with workshop participants.

 According to Susan McCulloch, Community Planner for the City of Martinsville, "We are glad to be partnering with the MHC Economic Development Corporation in marketing this loan program. The EDC has its fingers on the pulse of the business community and knows potential entrepreneurs who can relocate into the CDBG project area in order to open businesses. Entrepreneurs need to be aware of this program since the lending climate is still challenging."


This workshop is free; however, registration is required by June 25th. Registration can be completed by visiting



Contact Information:

Susan McCulloch

Community Planner

City of Martinsville

55 West Church Street, PO Box 1112

Martinsville, VA 24115


Lisa Fultz

Small, Minority & Entrepreneurial Division Director

MHC Economic Development Corporation

PO Box 631

Martinsville, VA 24114

Phone: 276-403-5948

Fax: 276-403-5941