Charlottesville funds 85 of 86 BRACE applications worth $93K
Since the beginning of the pandemic, the city’s Office of Economic Development has been distributing funding to businesses through a series of grant programs. The fourth round of the Building Resilience Among Charlottesville Entrepreneurs (BRACE) grant is complete and $93,000 has been handed out.
“The program received 86 applications totaling over $550,000 in business expenses incurred during the application period,” reads a press release. “After a thorough review, OED awarded 85 grants to small businesses and organizations that met the guidelines.”
The amounts ranged from $500 to the full $2,000. This time around, nearly forty percent of the recipients were first-time recipients.
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