Doing Business in the City of Martinsville

The City of Martinsville strives to create a positive small business and entrepreneurship environment; and one way to do this is to help you navigate through the array of funding resources available to you. 

 

To be considered for these funding opportunities, fillout our Small Business and Entrepreneurship Incentives Application. Prior to filling out this application, use this webpage as a starting point to know what questions to ask as you start the process, then contact C-PEG for assistance, 276.632.6401.

 

We also recommend prior to starting your business in Martinsville that you review our Business Licensing and Permitting page.

 

We have grouped funding resources for you into six areas:

  • Grants
  • Local Incentives
  • State Grants
  • Microloans
  • Business Plan Competitions
  • Training Subsidies

 

Grants


Local Incentives

Local incentives are grouped under Local Enterprise Zones, offering qualified businesses with one or more of the following tax refunds: Real Estate and Machinery and Tools, along with one or more of the following: Building permit fee waived, investment tax credits and water, sewer and electric connection fees waived.

Plus other incentives on a case by case basis, such as discounted fiber optic networking services. 

 

State Grant - Small Business Jobs Grant Fund

The Virginia Department fo Small Business & Supplier Diversity has a grant program for qualified small businesses to help offset the costs of hiring and training new employees.  This grant is a performanced-based program designed to encourage small businesses to create jobs and spur economic development within the Commonwealth.

Small Business Jobs Grant Fund

 

Microloans

Microloans are a good consideration for startup companies with lower capital requirements and limited operating history. Most microloans provide a source of smaller loans that many banks are reluctant to service. Currently, there are two active Microloan Programs in the community:


Business Plan Competitions

  • Startup Martinsville, Virginia, an eight week boot-camp program, culminating into a business plan competitions, where participants vie for a total of $50,000 in grant funds and other prizes.


Training Subsidies

West Piedmont Workforce Development Board contracts with the Chamber of Commerce to administer its business services to help offset training expenses.


In addition to the Chamber of Commerce and its charitable affiliate, C-PEG, there are a number of entities that can help you with your startup or expansion in the City of Martinsville.

City of Martinsville’s Community Development Department
276.403.5169

Longwood University’s Small Business Development Center
276.632.4462

MHC Economic Development Corporation’s Office of Small, Minority & Entrepreneurial Division
276.403.5940

Martinsville Uptown Revitalization
267.632.5688

Patrick Henry Community College
276.656.0256

The Launch Place
434.799.5491

West Piedmont Business Development Center
276.638.2523

West Piedmont Workforce Development Board
276.656.6190

 

The City of Martinsville contracts with C-PEG to be its point of contact for small business and entrepreneurship development.

 

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