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Virginia Beach Economic Development Reveals a New Program and Partnership to Help Grow Small Businesses

The City of Virginia Beach is announcing a new program called the Virginia Beach Small Business Capital Access Program, which gives $400,000 to small businesses that qualify. The loans have no interest and can be paid back at any time. The program was made to help the entrepreneurial ecosystem in Virginia Beach. It was made …

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Stats And Forecasts For The Virginia Beach Real Estate Market In 2022

According to WalletHub, Virginia Beach scored first last year for having the shortest median days on the market, indicating that properties here are selling quickly. Buyers may, however, have a window of opportunity in 2022. According to a recent survey by 13 News Now, the number of listings is gradually increasing, despite the fact that …

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Small Companies Were Requested To Vacate The Pembroke Mall With Minimal Notice Prior To Renovations Taking Place

When Chopper 10 flew over Pembroke Mall in 1988, the structure itself had already been in existence for more than 20 years. Until roughly 2001, according to Asset Manager Ramsay Smith, the mall was the first of its sort in Hampton Roads and had endured the test of time. Because of the internet explosion at …

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Next Year, Virginia Beach May Reduce Taxes For Businesses And Low-Income Households

According to the freshly re-elected Virginia Beach Commissioner of Revenue, small business owners and vulnerable people still suffering from the consequences of the pandemic deserve a tax relief. On Tuesday, Philip Kellam presented a tax reduction plan to the City Council, asking for a vote next week before the 2022 company tax bills are sent …

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Many Businesses In Virginia Beach’s Pembroke Mall Have Been Forced To Close As A Result Of The Recession

According to management, the shops must depart the mall by the end of January 2022 in order to make way for a redevelopment project that is planned for the property. As part of a $200 million renovation project, hundreds of businesses are being forced to relocate from Pembroke Mall. It is estimated that 48 businesses …

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A City Audit Finds That A Grant Program Created To Entice Businesses To Come To Virginia Beach — Or To Stay — Should Be Improved

According to a recent audit, a local grant program to stimulate corporate expansion in Virginia Beach is plagued with gaps. For years, the Virginia Beach Development Authority has given businesses hundreds of millions of dollars to entice them to come to Virginia Beach – or to keep them here. The incentives effectively assist businesses in …

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