Virginia Coalfield Economic Development Authority Seed Capital Grants

According to the Virginia Coalfield Economic Development Authority several local businesses in Wise County have been approved for individual matching grants of up to $10,000. Funds will come from VCEDA’s seed capital matching grant program that was created two years ago. For businesses established within the past year and employing less than 10 full time workers can apply for dollar for dollar matching funds.
Some of the businesses that benefitted are a new full service coffee lounge in Norton called Lincoln Road Virginia LLC, Winze Company LLC of Norton that provides local businesses with media and creative services. The Big Stone Gap General Store & Café that features general store merchandise, a coal fire pizza oven, a variety of beverages, and an area for musicians and local artisans to showcase their talent and sell their goods and services.
Altogether there were eighteen new businesses that received funding and are expected to create a combined total of $769,819 in private investment, and one hundred and thirty five full and part time jobs.
 

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