Small Business Events & Outreach
EDA /IDA continued to market the e-Commerce grant program for website development for small businesses. The program has committed funding previously allocated and an additional $20,000 was approved for this year. Six businesses were assisted with grants during the year and disbursements totaled $15,895.
The IDA facilitated the funding of one previously approved loan and approved a new loan for Eagle Land II, LLC to assist with the acquisition of property at 7505 Warwick Boulevard (former Daily Press newspaper production campus).
Staff continued business technical assistance and awareness for Newport News citizens through speaking engagements at the Small Business Development Center, as well as with loan officers across the Peninsula.
The Authorities sponsored several marketing and awareness events such as: the Chamber of Commerce’s Business Expo event and the Hampton Roads Messenger-sponsored Think Big Conference, which recognized a successful Newport News business – Team Henry Enterprises, Inc.
EDA staff participated in the Chamber’s 2014 Youth Career Expo for area high school students, assisting with mock job interviews and providing a display table highlighting some of the services Newport News provides.