Rev Up Fund Development: Strategic. Sustainable. Successful.

Are your revenue strategies working for your Main Street nonprofit?  How do you enhance those strategies for a prosperous (and profitable) future?

On March  20, 22, and 28 in Berryville, Danville, and Abingdon, the spring edition of the Regional Rev Up promises to load your Main Street program with the tools you need to create sustainable and successful fund development strategies.


Whether you are focusing on facade improvements, training your retailers, or developing a new website, running a successful Main Street program means raising money. But more than just fundraising, organizations need to build and cultivate relationships, show value to current and potential donors, understand their organizational strengths and weaknesses, and properly evaluate their events and activities.

Fund Development is more than raising money; it is the strategic positioning of an organization to sustain and grow its resources through relationship building.  Creating a shared vision, clear mission, creative strategies and effective communications help sustain and ensure the success of the organization.

Join the Virginia Main Street staff to learn components of a Fund Development Plan emphasizing partnership, ownership and results, including:

  • The difference between fund development and fundraising;
  • Board roles and responsibilities in fundraising;
  • How to assess and build your organization’s readiness for fund development; and
  • The importance of diversifying income to withstand losing an event or major donor.

Registration is free. Lunch will cost $15 and is only payable by cash on site at the event.  Registration for each Rev Up session closes one week prior to the event, so register now to reserve your spot!

Register now >>

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Local Incentives Drive Community Development

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Manassas Ribbon Cutting

One of the most important ways that a municipality can support it’s small business community is through targeted financial incentives. A recent Potomac Local article touted the expansion of the city of Manassas’ business incentive programs, including Façade Improvement Grants and Landscape Improvement Grants. These incentives will assist with the exterior renovations and landscaping of existing commercial or industrial properties.  The new initiatives are designed to encourage business owners to reinvest in properties throughout the City and serve as a redevelopment tool intended to bring new life to older structures.  Each pilot program has been allocated $50,000 and property owners must agree to invest $2 for every $1 the City invests.

Incentives like these are used alone or as part of a package to retain and attract business to a Main Street district or generally catalyze projects.  They are often in the form of a grant or a zero- to low-interest loan to promote improvements and appropriate design.  Seed funding sources can come from Tax Increment Financing (TIF), bank partnerships, Community Development Block Grants (CDBG), municipal/county targeted funds, or private loans and grants.  Incentives can mean the difference between vacant storefronts and a vibrant downtown neighborhood.

Congratulations to Manassas!

Learn more >>

 

Building Entrepreneurial Economies (BEE) Grants Awarded

entrepreneur-ecosystemGovernor McAuliffe recently announced over $200,000 in Building Entrepreneurial Economies (BEE) grant awards for eight projects in the Commonwealth. The BEE grant program provides funding to local governments and nonprofit organizations for entrepreneurship programs aligned with local and regional economic development strategies, primarily in distressed communities and populations.

“Small business development is a vital component of the new Virginia economy,” said Governor McAuliffe. “The Building Entrepreneurial Economies grant awards will support our homegrown assets and create new opportunities for economic diversification. By supporting small business programs in communities across the Commonwealth, we are building a strong entrepreneurial environment that will ensure that Virginia continues to be the best place for individuals to start and grow their companies.”

BEE offers two types of grants: implementation and planning. The implementation grants are awards up to $40,000 for projects that expand coverage for small business support services or implement innovative ideas that have already been funded and field tested through the BEE planning grant program. Planning grants are awards of up to $15,000 to research, develop and plan for a potential project.

The projects that were awarded funding include the development of a one-stop information, training and work space for entrepreneurs, an accelerator program and youth entrepreneurship programs. Planning grants were awarded for regional market analysis, the creation of an infrastructure network for entrepreneurs, and the development of a co-working space.

View the governor’s press release: http://governor.virginia.gov/newsroom/newsarticle?articleId=18332

Funding for FY 2018 Building Entrepreneurial Economies (BEE) grants will open on January 1, 2017, and applications will be due on March 1, 2017. Click here for more information on the BEE program.

Virginia Main Street Grants Announced

160921-grantwordcloud-2Governor McAuliffe recently announced $65,000 in Virginia Main Street program grant funding for five projects in the towns of Bedford and Blackstone, and the cities of Fredericksburg, Franklin and Winchester. The Downtown Investment Grants, administered by the Virginia Department of Housing and Community Development (DHCD), are for design and economic vitality projects targeting areas of specific need in historic downtown neighborhoods located in Virginia Main Street communities. Grants are available to designated Main Street organizations to accelerate the economic revitalization of their downtown districts by helping implement innovative strategies, plans and programs that create an environment for increased private investment. This year, funded projects include a revolving loan pool program, facade grants, murals, banners, and brand implementation.

See more at: http://governor.virginia.gov/newsroom/newsarticle?articleId=18113

In addition, four financial feasibility study grants were awarded to the towns of Culpeper, South Boston and Wytheville, as well as the city of Staunton. These grants will allow the Main Street organizations in those communities to work with owners of significant “white elephant” buildings within their Main Street districts. The purpose is to identify the highest and best use of such properties and to develop sufficient information to allow the owner or Main Street organization to “shop” the rehabilitation and reuse of the property to private developers and investors.

Virginia Main Street grants are available to designated Virginia Main Street communities, and the next round of Virginia Main Street grant applications will be due next spring. Click here for more information about Virginia Main Street grant opportunities.

The CRO Roadshow is coming to a location near you!

road-tripThis fall, the DHCD Community Revitalization Office is traveling throughout the state to highlight community development and capacity building programs and grants. Whether you are looking to revitalize a derelict and blighted building in your community or are interested in using the Main Street approach to community revitalization, we will introduce you to our services and programs and prepare you for the upcoming grant cycle.

Attendees will learn about the following programs.

  • Virginia Main Street
  • Industrial Revitalization Fund (IRF)
  • Building Entrepreneurial Economies (BEE)
  • Community Business Launch (CBL)
  • Virginia Individual Development Accounts (VIDA)

Community Revitalization Office staff will provide an overview of each program and discuss successful and unique projects throughout Virginia. Staff will also be available to talk individually with attendees about potential projects or programs in their communities.

We will be in Front Royal on October 27th, Warsaw on November 7th and Pulaski on November 10th. We look forward to seeing you there!

For more information or to register for this event, click here.