Charlottesville begins matching funds program
Tuesday, June 18, 2019
Charlottesville has begun a program offering matching funds to local startups receiving government grants.
The Cville Match program is designed to aid the growth of new Charlottesville-based companies and help the commercialization of their products.
Created by City of Charlottesville Office of Economic Development and the Charlottesville Economic Development Authority, Cville Match will provide matching funds to companies receiving grants from the Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR) and the Commonwealth Research and Commercialization Fund (CRCF) programs.
Qualifying Charlottesville-based companies are eligible to receive matching funds once their federal or state grants have been approved. The city will match amounts up to $25,000 per-company, per-grant, subject to the availability of funds.
Cville Match also includes VJIP Match, a long-standing economic development authority program providing matching funds to Charlottesville-based recipients of the Virginia Jobs Investment Program (VJIP).
Administered by the Virginia Economic Development Partnership, VJIP is designed to help Virginia-based companies create jobs in the commonwealth.