FOR IMMEDIATE RELEASE
Date: February 16, 2016
Contact: Sara Smith
Bedford Main Street Receives $20,000 Downtown Investment Grant
BEDFORD – Governor McAuliffe announced today $20,000 in funding for downtown investment in Bedford, Virginia. This grant will be utilized to establish a Zero Interest Loan Program to assist entrepreneurs and will accelerate the economic revitalization of the Bedford Main Street district by helping implement innovative strategies, plans and programs that create an environment for increased, accelerated private investment.
Speaking at today’s announcement at an event in Richmond, Governor McAuliffe said, “These grants will create jobs and provide a needed boost to communities that are working hard to revitalize historic downtown neighborhoods. Virginia is home to so many cities and towns that are ready to thrive as centers of tourism and commerce. I am proud to partner with them and help make every Virginia Main Street a better place to live, work and start a business.”
Jim Messier, president of Bedford Main Street, said today, “This is a true collaborative effort. The Town of Bedford and the Bedford County Economic Development Authority are providing additional matching funds to help increase the impact of this grant. We have also developed partnerships with the Small Business Development Council at CVCC, Bedford County Economic Development, and the Bedford Area Chamber of Commerce to offer comprehensive business counseling and resources to entrepreneurs who invest in our Centertown area.”
In addition to the implementation of the Zero Interest Loan Program, Bedford Main Street is also implementing an entrepreneur development program. The Bedford Business Boot Camp is an eight-week class that will introduce entrepreneurs to the concepts, practices, and tools necessary for business success. The purpose of this competition is to encourage the development and start-up of businesses in our community to further the creation of jobs.
Bedford has been a designated Main Street Community since the Commonwealth’s Main Street program was first established in 1985. The program helps prevent downtown districts across the Commonwealth from economic decline and possible demolition. Bedford Main Street works to re-energize economic development of our Centertown district while utilizing our cultural assets and character. This is further accomplished by pooling the resources of local civic and business leaders who are determined to bring our Main Street community back to life. The innovative Four-Point Approach © program uses design, promotion, economic vitality and organization to reach our goal to help us all build a better community. Bedford Main Street is one of 25 designated communities throughout Virginia.