Incentives & Grants

Overview


The Town of Ashland and the Ashland Economic Development Authority administer numerous grant, loan, and incentive programs. Grant and loan programs are competitive and no applicants are guaranteed financial awards.

COVID-19 Recovery and Support Grants 

Town of Ashland Programs

CDBG Business Assistance Grant Program

The Town of Ashland has partnered with the Virginia Department of Housing and Community Development to offer the CDBG Business Assistance Grant Program. The purpose of this program is to provide rent assistance for up to $10,000 or 6 months of rent to qualifying Town of Ashland businesses.  

To qualify, a business must:

  • Be in one of the following categories:
    • Tourism related business
    • Accommodations (i.e. hotel, motel, bed & breakfast)
    • Restaurants/Food service
    • Professional services
    • Cultural & Education services
    • Arts
    • Recreation
    • Retail
    • Health Practitioners
    • Personal Care
  • Be located within the Town of Ashland corporate limits
  • Have 20 or less employees
  • Possess a valid Town Business License and be current on all taxes
  • Submit a current signed lease agreement
  • Provide documentation of qualifying rent payments made since March 13, 2020
  • Certify that they have not received other assistance towards rent for the months covered by the grant
  • Provide a narrative description of the impact experienced due to the COVID-19 pandemic
Applications will be accepted on a rolling basis beginning January 20, 2021. 

CDBG Safety Enhancement Grant Program

In addition, the Town is offering increased Safety Enhancement Grants of $5,000 per business to help offset the costs of making businesses and office spaces safer for operation under current state guidelines. Businesses may apply for these funds by using the same application.

For more information, contact Joe Topham at (804) 798-1073 or jtopham@ashlandva.gov.

Ashland Economic Development Authority (EDA) Programs

Patio Heating Assistance Grant - 

The Economic Development Authority (EDA) of the Town of Ashland is offering assistance of up to $1,200 to qualifying Ashland restaurants and breweries for the purchase of outdoor heating devices. For more information or to apply, see below or contact Joe Topham at jtopham@ashlandva.gov or (804) 798-1073.


Special Tax Relief Districts

Economic Development Authority (EDA) Loans & Grants 

Infrastructure Forgivable Loan -

The Infrastructure program is designed to assist business and property owners with costs associated with site-readiness infrastructure such as water and sewer. The loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.

Demolition Forgivable Loan - application
In appropriate circumstances, funds for demolition can be granted from the EDA. As with the Infrastructure program, the loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.

Revitalization Grant - application
This program is designed to support reinvestment in distressed or historic properties. Scoring priority is given to those projects considering a scope of significant restoration or for properties in a high-visibility corridor. This is a rolling grant program with no deadline for submission.

Interstate 95 Corridor Restaurant Incentive Program - application

This program is designed to help offset the cost to redevelop restaurant  sites in the Interstate 95 Hospitality Incentive area. An incentive of up to  $550,000 in total over up to 6 years is available to restaurant projects  which meet the program requirements. 

Interstate 95 Corridor Hotel Incentive Program application

This program is designed to help defray the cost to redevelop hotel sites in the Interstate 95 Hospitality Incentive Area. An incentive of up to $550,000 in total over up to 6 years is available to qualifying hotel projects. For more information, contact Joe Topham, Business Retention & Expansion Manager at (804) 798-1073 or jtopham@ashlandva.gov.


Town Administered Programs

Facade Enhancement Grant - application 
For property or business owners investing in exterior overhaul projects. Depending on the number of applicants and amount of awards, this grant may be opened in one or two rounds within a fiscal year.